Alpha Sigma Alpha Foundation

Analysis

Alpha Sigma Alpha Foundation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Alpha Sigma Alpha Foundation reported income of $299k and spending of $344k, spending 115% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $417k to $299k (-28%), an average of -8.0% a year. The sharpest change came in the year to May 2022, when income rose by 46%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alpha Sigma Alpha Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within IN. Charities of a similar size with the same main cause include New Prague Rural Fire Protection Assn ($299k), New Hampshire Art Association Inc ($299k) and Bobo Volunteer Fire Department Inc Northwest Madison County ($299k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $85k. At year end it held assets of $2.2m against liabilities of $31k, net assets of $2.1m.