Kappa Sigma Endowment Fund

Analysis

Kappa Sigma Endowment Fund is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in August 1947, 79 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Kappa Sigma Endowment Fund reported income of $3.5m and spending of $1.6m, leaving 53% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income fell from $4.0m to $3.5m (-14%), an average of -3.6% a year. The sharpest change came in the year to May 2022, when income rose by 50%. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kappa Sigma Endowment Fund sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Company of the Redwood Library and Athenaem ($3.5m), United Way of Portage County Inc ($3.5m) and Center for Multicultural Health ($3.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $16.3m against liabilities of $153k, net assets of $16.2m.