Lambda Kappa Sigma Educational TR

Analysis

Lambda Kappa Sigma Educational TR is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in February 1976, 50 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 June 2024, Lambda Kappa Sigma Educational TR reported income of $51k and spending of $49k, spending 96% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $49k to $51k (+3.3%), an average of +1.1% a year. The sharpest change came in the year to June 2023, when income rose by 77%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lambda Kappa Sigma Educational TR sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within MI. Charities of a similar size with the same main cause include 100 Black Men of Coastal Carolina ($51k), Greenon Athletic Boosters ($51k) and Space City Charities ($51k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% of the total. Compensation of current officers, directors and key employees was $4,100 (8.3% of expenses). At year end it held assets of $506k against liabilities of $0, net assets of $506k.