Kappa Alpha Order Educational Foundation

Analysis

Kappa Alpha Order Educational Foundation is a registered charity in United States, based in Lexington, VA. It received its IRS tax-exemption ruling in February 1982, 44 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 June 2023, Kappa Alpha Order Educational Foundation reported income of $2.1m and spending of $2.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.1m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 130%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kappa Alpha Order Educational Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include New Jersey Childrens Foundation ($2.1m), Childrens Meeting House Montessori School ($2.1m) and Triangle Research Libraries Network ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $195k (9.4% of expenses). Other salaries and wages came to $402k. At year end it held assets of $13.4m against liabilities of $708k, net assets of $12.7m.