Alpha Kappa Alpha Foundation of Detroit

Analysis

Alpha Kappa Alpha Foundation of Detroit is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Alpha Kappa Alpha Foundation of Detroit reported income of $153k and spending of $195k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $235k to $153k (-35%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alpha Kappa Alpha Foundation of Detroit sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within MI. Charities of a similar size with the same main cause include Entrepreneurs Organization Charleston Chapter Inc ($153k), Marylandonline Inc ($153k) and Clinical Problem Solvers Inc ($153k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 19% of the total. At year end it held assets of $481k against liabilities of $0, net assets of $481k.