Alpha Chi National College Honor Scholarship Society

Analysis

Alpha Chi National College Honor Scholarship Society is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in December 1991, 35 years ago. 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, Alpha Chi National College Honor Scholarship Society reported income of $525k and spending of $747k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $787k to $525k (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alpha Chi National College Honor Scholarship Society sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within AR. Charities of a similar size with the same main cause include The Oyster Harbors Club Scholarship Fund Inc ($525k), New England Ophthalmological Society Inc 85 Central St ($525k) and Myers Senior Residence Inc ($525k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $88k (12% of expenses). Other salaries and wages came to $128k. At year end it held assets of $1.6m against liabilities of $15k, net assets of $1.6m. It reported 5 employees.