Denver Kappa Alpha Psi Scholarship Foundation

Analysis

Denver Kappa Alpha Psi Scholarship Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 1989, 37 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 September 2024, Denver Kappa Alpha Psi Scholarship Foundation reported income of $409k and spending of $104k, leaving 75% of income unspent that year. Across the 6 years on record, from September 2019 to September 2024, income grew from $155k to $409k (+163%), an average of +21% a year. The sharpest change came in the year to September 2024, when income rose by 120%. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Denver Kappa Alpha Psi Scholarship Foundation 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 64th percentile within CO. Charities of a similar size with the same main cause include Talbot Historical Society Inc ($409k), Amys Angels Corporation ($409k) and Goshen Volunteer Firemens Relief Association Incorporated ($409k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 34% of the total. At year end it held assets of $1.7m against liabilities of $17k, net assets of $1.6m.