Kappa Alpha Psi Foundation of Metropolitan Baltimore Inc

Analysis

Kappa Alpha Psi Foundation of Metropolitan Baltimore Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 1995, 31 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 September 2023, Kappa Alpha Psi Foundation of Metropolitan Baltimore Inc reported income of $272k and spending of $128k, leaving 53% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $227k to $272k (+19%), an average of +4.5% a year. The sharpest change came in the year to September 2023, when income rose by 49%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kappa Alpha Psi Foundation of Metropolitan Baltimore Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MD. Charities of a similar size with the same main cause include Galax Foundation for Excellence in Education ($272k), DC Bid Council ($272k) and Comprehensive Education Corp ($271k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $682k against liabilities of $250k, net assets of $432k.