Phi Kappa Theta Iowa XI Foundation

Analysis

Phi Kappa Theta Iowa XI Foundation is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Phi Kappa Theta Iowa XI Foundation reported income of $56k and spending of $7,633, leaving 86% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $743k to $56k (-92%), an average of -73% a year. The sharpest change came in the year to December 2022, when income dropped by 82%. Over the whole period it spent 2.9% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Phi Kappa Theta Iowa XI Foundation sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 19th percentile within IA. Charities of a similar size with the same main cause include Rural Homeless Network Inc ($56k), Pink Lemonade ($56k) and Kitsap Family YMCA Foundation ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $893k against liabilities of $0, net assets of $893k.