Pi Kappa Alpha Foundation

Analysis

Pi Kappa Alpha Foundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 1950, 76 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, Pi Kappa Alpha Foundation reported income of $4.6m and spending of $3.2m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $4.6m (+2.2%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pi Kappa Alpha Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include California County Superintendents Educational Services Association ($4.6m), Order of the Fishermen Ministry Head Start Program Inc ($4.6m) and Page Academy ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $364k (12% of expenses). Other salaries and wages came to $412k. It paid $160k in professional fundraising fees. At year end it held assets of $25.2m against liabilities of $715k, net assets of $24.5m. It reported 13 employees.