Alpha Kappa Psi House Corporation
Alpha Kappa Psi House Corporation consistently operates at near break-even with volunteer leadership.
EIN: 202689998 · Minneapolis, MN · NTEE: S47 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $182K |
| Total Expenses | $180K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $180,000. |
| Net Assets | $114K |
| Transparency Score | 85/100 |
Is Alpha Kappa Psi House Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alpha Kappa Psi House Corporation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alpha Kappa Psi House Corporation
Alpha Kappa Psi House Corporation (EIN: 202689998) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code S47. The organization reported total revenue of $182K and total assets of $540K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alpha Kappa Psi House Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alpha Kappa Psi House Corporation is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $181K |
| Total Expenses | $180K |
| Surplus / Deficit | +$794 |
| Total Assets | $573K |
| Total Liabilities | $458K |
| Net Assets | $114K |
| Operating Margin | 0.4% |
| Debt-to-Asset Ratio | 80.0% |
| Months of Reserves | 38.1 months |
Financial Health Grade: A
In 2024, Alpha Kappa Psi House Corporation reported a surplus of $794 with revenue exceeding expenses, holds 38.1 months of operating reserves (strong position), has a debt-to-asset ratio of 80.0% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Alpha Kappa Psi House Corporation's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +7.4% | +7.1% | -7.7% |
| 2023 | +2.1% | +2.3% | +0.6% |
| 2022 | +3.5% | +3.4% | -0.8% |
| 2021 | -0.4% | -0.7% | -2.5% |
| 2020 | +2.3% | +2.6% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Alpha Kappa Psi House Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Alpha Kappa Psi House Corporation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $794, with revenue exceeding expenses.
- Debt-to-asset ratio: 80.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that the organization is managed by unpaid volunteers, which is highly efficient for an organization of its size with revenues around $180,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Alpha Kappa Psi House Corporation's IRS 990 filings:
- High liabilities relative to assets, indicating significant debt financing.
Strengths
The following positive indicators were identified for Alpha Kappa Psi House Corporation:
- Consistent 0% officer compensation, demonstrating volunteer leadership and low administrative overhead.
- Efficient operations with expenses closely matching revenues, indicating careful financial management.
- Long filing history (14 filings) shows consistent reporting and operational stability.
Frequently Asked Questions about Alpha Kappa Psi House Corporation
Is Alpha Kappa Psi House Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Alpha Kappa Psi House Corporation (EIN: 202689998) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Alpha Kappa Psi House Corporation spend its money?
Alpha Kappa Psi House Corporation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Alpha Kappa Psi House Corporation tax-deductible?
Alpha Kappa Psi House Corporation is registered as a tax-exempt nonprofit (EIN: 202689998). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Alpha Kappa Psi House Corporation CEO make?
Alpha Kappa Psi House Corporation's highest-compensated officer earns $180,000. annually. The organization reported $182K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Alpha Kappa Psi House Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Alpha Kappa Psi House Corporation is above average for NTEE category S47 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Alpha Kappa Psi House Corporation located?
Alpha Kappa Psi House Corporation is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 202689998. It is classified under NTEE code S47.
How many years of IRS 990 filings does Alpha Kappa Psi House Corporation have?
Alpha Kappa Psi House Corporation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $182K in total revenue.
Is Alpha Kappa Psi House Corporation a good charity?
Given its consistent near break-even operations, 0% officer compensation, and focus on supporting a fraternal house (NTEE S47), it appears to be an efficiently run organization fulfilling its specific mission. Its 'charitable' nature is defined by its support of a fraternal society rather than broad public benefit.
How does Alpha Kappa Psi House Corporation manage its finances?
The organization manages its finances very tightly, with expenses closely matching revenues year over year. For example, in 202406, revenue was $181,045 and expenses were $180,251. This suggests a focus on covering operational costs without significant surplus accumulation.
What is the trend in the organization's assets and liabilities?
Assets have fluctuated, peaking at $661,504 in 201706 and currently at $572,758 (202406). Liabilities have consistently been high, often exceeding 80% of assets (e.g., $458,361 liabilities against $572,758 assets in 202406), indicating significant reliance on debt for its property.
Does Alpha Kappa Psi House Corporation pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all 14 periods provided, indicating that its leadership is entirely volunteer-based.
Filing History
IRS 990 filing history for Alpha Kappa Psi House Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Alpha Kappa Psi House Corporation's revenue has grown by 89.7%, moving from $95K to $181K. Total assets increased by 63.8% over the same period, from $350K to $573K. Total functional expenses rose by 88.8%, from $95K to $180K. In its most recent filing year (2024), Alpha Kappa Psi House Corporation reported a surplus of $794, with revenue exceeding expenses. The organization holds $458K in liabilities against $573K in assets (debt-to-asset ratio: 80.0%), resulting in net assets of $114K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $181K | $180K | $573K | $458K | — | — |
| 2023 | $169K | $168K | $620K | $507K | — | View 990 |
| 2022 | $165K | $165K | $617K | $503K | — | View 990 |
| 2021 | $159K | $159K | $621K | $508K | — | View 990 |
| 2020 | $160K | $160K | $637K | $525K | — | View 990 |
| 2019 | $156K | $156K | $630K | $517K | — | View 990 |
| 2018 | $152K | $151K | $657K | $544K | — | View 990 |
| 2017 | $145K | $142K | $662K | $549K | — | View 990 |
| 2016 | $127K | $140K | $649K | $540K | — | View 990 |
| 2015 | $107K | $117K | $373K | $251K | — | View 990 |
| 2014 | $101K | $101K | $332K | $200K | — | View 990 |
| 2013 | $100K | $100K | $340K | $209K | — | View 990 |
| 2012 | $98K | $97K | $347K | $215K | — | View 990 |
| 2011 | $95K | $95K | $350K | $219K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $181K, expenses of $180K, and assets of $573K (revenue +7.4% year-over-year).
- 2023: Revenue of $169K, expenses of $168K, and assets of $620K (revenue +2.1% year-over-year).
- 2022: Revenue of $165K, expenses of $165K, and assets of $617K (revenue +3.5% year-over-year).
- 2021: Revenue of $159K, expenses of $159K, and assets of $621K (revenue -0.4% year-over-year).
- 2020: Revenue of $160K, expenses of $160K, and assets of $637K (revenue +2.3% year-over-year).
- 2019: Revenue of $156K, expenses of $156K, and assets of $630K (revenue +3.1% year-over-year).
- 2018: Revenue of $152K, expenses of $151K, and assets of $657K (revenue +4.6% year-over-year).
- 2017: Revenue of $145K, expenses of $142K, and assets of $662K (revenue +14.1% year-over-year).
- 2016: Revenue of $127K, expenses of $140K, and assets of $649K (revenue +18.9% year-over-year).
- 2015: Revenue of $107K, expenses of $117K, and assets of $373K (revenue +6.0% year-over-year).
- 2014: Revenue of $101K, expenses of $101K, and assets of $332K (revenue +0.8% year-over-year).
- 2013: Revenue of $100K, expenses of $100K, and assets of $340K (revenue +2.3% year-over-year).
- 2012: Revenue of $98K, expenses of $97K, and assets of $347K (revenue +2.6% year-over-year).
- 2011: Revenue of $95K, expenses of $95K, and assets of $350K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alpha Kappa Psi House Corporation:
Data Sources and Methodology
This transparency report for Alpha Kappa Psi House Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.