Alpha Phi Alpha Ira Dorsey Scholarship Endowment Fund Inc

Analysis

Alpha Phi Alpha Ira Dorsey Scholarship Endowment Fund Inc is a registered charity in United States, based in Woodbridge, VA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Alpha Phi Alpha Ira Dorsey Scholarship Endowment Fund Inc reported income of $340k and spending of $171k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $340k (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alpha Phi Alpha Ira Dorsey Scholarship Endowment Fund Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Hendricks College Network Inc ($340k), College Access Partnership Inc ($340k) and Upper Keys Rotary Foundation Inc ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $784k against liabilities of $0, net assets of $784k.