Kappa Alpha Theta Fraternity Housing Corporation
EIN: 261430902 · Indianapolis, IN · NTEE: B83
Is Kappa Alpha Theta Fraternity Housing Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kappa Alpha Theta Fraternity Housing Corporation
Kappa Alpha Theta Fraternity Housing Corporation (EIN: 261430902) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code B83. The organization reported total revenue of $30.7M and total assets of $90.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kappa Alpha Theta Fraternity Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kappa Alpha Theta Fraternity Housing Corporation is a large nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 48.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27.0M |
| Total Expenses | $24.2M |
| Surplus / Deficit | +$2.8M |
| Total Assets | $92.5M |
| Total Liabilities | $63.0M |
| Net Assets | $29.5M |
| Operating Margin | 10.5% |
| Debt-to-Asset Ratio | 68.1% |
| Months of Reserves | 45.9 months |
Financial Health Grade: A
In 2023, Kappa Alpha Theta Fraternity Housing Corporation reported a surplus of $2.8M with revenue exceeding expenses, holds 45.9 months of operating reserves (strong position), has a debt-to-asset ratio of 68.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kappa Alpha Theta Fraternity Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 48.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.5% | +5.3% | +23.0% |
| 2022 | +60.7% | +42.1% | -2.0% |
| 2021 | -8.9% | -5.5% | -3.6% |
| 2020 | +40.0% | +67.1% | +25.8% |
| 2019 | +219.5% | +222.5% | +43.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kappa Alpha Theta Fraternity Housing Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kappa Alpha Theta Fraternity Housing Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 68.1%.
Frequently Asked Questions about Kappa Alpha Theta Fraternity Housing Corporation
Is Kappa Alpha Theta Fraternity Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kappa Alpha Theta Fraternity Housing Corporation (EIN: 261430902) insufficient data. 0 red flags identified, 0 strengths noted.
How does Kappa Alpha Theta Fraternity Housing Corporation spend its money?
Detailed spending breakdown data is not yet available for Kappa Alpha Theta Fraternity Housing Corporation. Check back for updated IRS 990 analysis.
Are donations to Kappa Alpha Theta Fraternity Housing Corporation tax-deductible?
Kappa Alpha Theta Fraternity Housing Corporation is registered as a tax-exempt nonprofit (EIN: 261430902). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Kappa Alpha Theta Fraternity Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kappa Alpha Theta Fraternity Housing Corporation's revenue has grown by 10966%, moving from $244K to $27.0M. Total assets increased by 9960.9% over the same period, from $920K to $92.5M. Total functional expenses rose by 14755.9%, from $163K to $24.2M. In its most recent filing year (2023), Kappa Alpha Theta Fraternity Housing Corporation reported a surplus of $2.8M, with revenue exceeding expenses. The organization holds $63.0M in liabilities against $92.5M in assets (debt-to-asset ratio: 68.1%), resulting in net assets of $29.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27.0M | $24.2M | $92.5M | $63.0M | — | View 990 |
| 2022 | $20.5M | $22.9M | $75.2M | $51.3M | — | View 990 |
| 2021 | $12.8M | $16.2M | $76.7M | $54.1M | — | View 990 |
| 2020 | $14.0M | $17.1M | $79.6M | $56.0M | — | View 990 |
| 2019 | $10.0M | $10.2M | $63.3M | $37.7M | — | View 990 |
| 2018 | $3.1M | $3.2M | $44.2M | $17.5M | — | View 990 |
| 2017 | $2.5M | $1.5M | $14.8M | $6.8M | — | View 990 |
| 2016 | $1.3M | $956K | $6.1M | $2.7M | — | View 990 |
| 2015 | $612K | $905K | $4.1M | $3.5M | — | View 990 |
| 2014 | $1.1M | $800K | $1.5M | $794K | — | View 990 |
| 2013 | $269K | $270K | $1.3M | $711K | — | View 990 |
| 2012 | $365K | $198K | $1.1M | $467K | — | View 990 |
| 2011 | $244K | $163K | $920K | $424K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27.0M, expenses of $24.2M, and assets of $92.5M (revenue +31.5% year-over-year).
- 2022: Revenue of $20.5M, expenses of $22.9M, and assets of $75.2M (revenue +60.7% year-over-year).
- 2021: Revenue of $12.8M, expenses of $16.2M, and assets of $76.7M (revenue -8.9% year-over-year).
- 2020: Revenue of $14.0M, expenses of $17.1M, and assets of $79.6M (revenue +40.0% year-over-year).
- 2019: Revenue of $10.0M, expenses of $10.2M, and assets of $63.3M (revenue +219.5% year-over-year).
- 2018: Revenue of $3.1M, expenses of $3.2M, and assets of $44.2M (revenue +23.1% year-over-year).
- 2017: Revenue of $2.5M, expenses of $1.5M, and assets of $14.8M (revenue +100.0% year-over-year).
- 2016: Revenue of $1.3M, expenses of $956K, and assets of $6.1M (revenue +108.2% year-over-year).
- 2015: Revenue of $612K, expenses of $905K, and assets of $4.1M (revenue -43.4% year-over-year).
- 2014: Revenue of $1.1M, expenses of $800K, and assets of $1.5M (revenue +302.3% year-over-year).
- 2013: Revenue of $269K, expenses of $270K, and assets of $1.3M (revenue -26.3% year-over-year).
- 2012: Revenue of $365K, expenses of $198K, and assets of $1.1M (revenue +49.3% year-over-year).
- 2011: Revenue of $244K, expenses of $163K, and assets of $920K.
Data Sources and Methodology
This transparency report for Kappa Alpha Theta Fraternity Housing 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.