Pi Kappa Phi Foundation

Analysis

Pi Kappa Phi Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 2013, 13 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, Pi Kappa Phi Foundation reported income of $1.6m and spending of $1.5m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $828k to $1.6m (+96%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pi Kappa Phi Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Rockingham Community College Foundation Inc ($1.6m), Entrepreneurs Organization ($1.6m) and Childrens Valley Academy ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Other salaries and wages came to $411k. At year end it held assets of $13.4m against liabilities of $73k, net assets of $13.4m. It reported 7 employees.