Nu of Tau Kappa Epsilon Inc

Analysis

Nu of Tau Kappa Epsilon Inc is a registered charity in United States, based in Moraga, CA. It received its IRS tax-exemption ruling in July 2003, 23 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 December 2023, Nu of Tau Kappa Epsilon Inc reported income of $411k and spending of $476k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $634k to $411k (-35%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nu of Tau Kappa Epsilon Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Wimauma Community Development Corporation ($411k), Top Kids Christian Academy Private School ($411k) and School for Community Learning Inc ($410k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 82% of the total. At year end it held assets of $1.0m against liabilities of $471k, net assets of $531k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.