Kappa Scholarship Endowment Fund

Analysis

Kappa Scholarship Endowment Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1986, 40 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 December 2023, Kappa Scholarship Endowment Fund reported income of $273k and spending of $273k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $327k to $273k (-17%), an average of -4.4% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kappa Scholarship Endowment Fund sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 34th percentile within DC. Charities of a similar size with the same main cause include Pioneer Hook & Ladder ($273k), Ouray County Historical Society Inc ($273k) and Fremont-Wolf River Ems Ltd ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% of the total. At year end it held assets of $5.2m against liabilities of $520k, net assets of $4.7m.