Memphis Alumni Chapter Kappa Alpha Psi Fraternity
EIN: 237279510 · Cordova, TN · NTEE: B83
| Metric | Value |
|---|---|
| Total Revenue | $155K |
| Total Expenses | $216K |
| Net Assets | $128K |
Is Memphis Alumni Chapter Kappa Alpha Psi Fraternity Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Memphis Alumni Chapter Kappa Alpha Psi Fraternity
Memphis Alumni Chapter Kappa Alpha Psi Fraternity (EIN: 237279510) is a nonprofit organization based in Cordova, TN, classified under NTEE code B83. The organization reported total revenue of $155K and total assets of $127K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memphis Alumni Chapter Kappa Alpha Psi Fraternity's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memphis Alumni Chapter Kappa Alpha Psi Fraternity is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $213K |
| Total Expenses | $216K |
| Surplus / Deficit | $-2,781 |
| Total Assets | $128K |
| Net Assets | $128K |
| Operating Margin | -1.3% |
| Months of Reserves | 7.1 months |
Financial Health Grade: B
In 2023, Memphis Alumni Chapter Kappa Alpha Psi Fraternity reported a deficit of $3K with expenses exceeding revenue, holds 7.1 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2011–2023), Memphis Alumni Chapter Kappa Alpha Psi Fraternity's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.4% | +22.4% | +2.1% |
| 2022 | +2.1% | +25.5% | +8.2% |
| 2020 | +39.0% | +105.1% | -67.6% |
| 2018 | +27.4% | -13.1% | +27.7% |
| 2016 | +45.6% | +11.2% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Memphis Alumni Chapter Kappa Alpha Psi Fraternity 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 Memphis Alumni Chapter Kappa Alpha Psi Fraternity 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 deficit of $3K, with expenses exceeding revenue.
Frequently Asked Questions about Memphis Alumni Chapter Kappa Alpha Psi Fraternity
Is Memphis Alumni Chapter Kappa Alpha Psi Fraternity a legitimate charity?
Based on AI analysis of IRS 990 filings, Memphis Alumni Chapter Kappa Alpha Psi Fraternity (EIN: 237279510) insufficient data. 0 red flags identified, 0 strengths noted.
How does Memphis Alumni Chapter Kappa Alpha Psi Fraternity spend its money?
Detailed spending breakdown data is not yet available for Memphis Alumni Chapter Kappa Alpha Psi Fraternity. Check back for updated IRS 990 analysis.
Are donations to Memphis Alumni Chapter Kappa Alpha Psi Fraternity tax-deductible?
Memphis Alumni Chapter Kappa Alpha Psi Fraternity is registered as a tax-exempt nonprofit (EIN: 237279510). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Memphis Alumni Chapter Kappa Alpha Psi Fraternity located?
Memphis Alumni Chapter Kappa Alpha Psi Fraternity is headquartered in Cordova, Tennessee and files with the IRS under EIN 237279510. It is classified under NTEE code B83.
How many years of IRS 990 filings does Memphis Alumni Chapter Kappa Alpha Psi Fraternity have?
Memphis Alumni Chapter Kappa Alpha Psi Fraternity has 10 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 $155K in total revenue.
Filing History
IRS 990 filing history for Memphis Alumni Chapter Kappa Alpha Psi Fraternity showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Memphis Alumni Chapter Kappa Alpha Psi Fraternity's revenue has grown by 119.1%, moving from $97K to $213K. Total assets decreased by 26.8% over the same period, from $174K to $128K. Total functional expenses rose by 187.9%, from $75K to $216K. In its most recent filing year (2023), Memphis Alumni Chapter Kappa Alpha Psi Fraternity reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $213K | $216K | $128K | $0 | — | — |
| 2022 | $166K | $177K | $125K | $0 | — | View 990 |
| 2020 | $163K | $141K | $116K | $0 | — | — |
| 2018 | $117K | $69K | $356K | $0 | — | View 990 |
| 2016 | $92K | $79K | $279K | $0 | — | View 990 |
| 2015 | $63K | $71K | $266K | $0 | — | View 990 |
| 2014 | $74K | $86K | $275K | $0 | — | View 990 |
| 2013 | $111K | $106K | $261K | $0 | — | View 990 |
| 2012 | $188K | $106K | $256K | $0 | — | View 990 |
| 2011 | $97K | $75K | $174K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $213K, expenses of $216K, and assets of $128K (revenue +28.4% year-over-year).
- 2022: Revenue of $166K, expenses of $177K, and assets of $125K (revenue +2.1% year-over-year).
- 2020: Revenue of $163K, expenses of $141K, and assets of $116K (revenue +39.0% year-over-year).
- 2018: Revenue of $117K, expenses of $69K, and assets of $356K (revenue +27.4% year-over-year).
- 2016: Revenue of $92K, expenses of $79K, and assets of $279K (revenue +45.6% year-over-year).
- 2015: Revenue of $63K, expenses of $71K, and assets of $266K (revenue -14.5% year-over-year).
- 2014: Revenue of $74K, expenses of $86K, and assets of $275K (revenue -33.4% year-over-year).
- 2013: Revenue of $111K, expenses of $106K, and assets of $261K (revenue -40.9% year-over-year).
- 2012: Revenue of $188K, expenses of $106K, and assets of $256K (revenue +92.6% year-over-year).
- 2011: Revenue of $97K, expenses of $75K, and assets of $174K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memphis Alumni Chapter Kappa Alpha Psi Fraternity:
Data Sources and Methodology
This transparency report for Memphis Alumni Chapter Kappa Alpha Psi Fraternity 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.