Honor Society of Phi Kappa Phi

Analysis

Honor Society of Phi Kappa Phi is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Honor Society of Phi Kappa Phi reported income of $3.3m and spending of $6.0m, spending 182% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $4.0m to $3.3m (-17%), an average of -5.9% a year. The sharpest change came in the year to June 2021, when income rose by 1079%. Over the whole period it spent 32% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Honor Society of Phi Kappa Phi sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within LA. Charities of a similar size with the same main cause include Rainbow Community School ($3.3m), Dakshana Foundation ($3.3m) and International Association of Arson Investigators Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $583k (9.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $67.8m against liabilities of $11.4m, net assets of $56.4m. It reported 26 employees.