Kappa Alpha Psi Jacksonville Foundation Inc

Analysis

Kappa Alpha Psi Jacksonville Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in May 2023, 3 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 September 2023, Kappa Alpha Psi Jacksonville Foundation Inc reported income of $79k and spending of $91k, spending 115% of what it took in. Across the 3 years on record, from September 2019 to September 2023, income grew from $55k to $79k (+44%), an average of +20% a year. The sharpest change came in the year to September 2022, when income rose by 256%. Over the whole period it spent 61% 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 Jacksonville Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include Lexington Foundation ($79k), Clarksburg High School Organizationof Musical Parents and Helpers ($79k) and St Helens Band Patrons ($79k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $241k against liabilities of $0, net assets of $241k.