Pi Kappa Alpha Fraternity
Pi Kappa Alpha Fraternity frequently operates at a deficit, with expenses exceeding revenue in most recent years.
EIN: 200844569 · Madison, WI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $264K |
| Total Expenses | $364K |
| Program Spending | 80% |
| Net Assets | $11K |
| Transparency Score | 65/100 |
Is Pi Kappa Alpha Fraternity Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pi Kappa Alpha Fraternity directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pi Kappa Alpha Fraternity
Pi Kappa Alpha Fraternity (EIN: 200844569) is a nonprofit organization based in Madison, WI. The organization reported total revenue of $264K and total assets of $17K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pi Kappa Alpha Fraternity's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pi Kappa Alpha Fraternity is a small nonprofit that has been operating for 85 years, with 12 years of IRS 990 filings on record (2010–2024). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $351K |
| Total Expenses | $364K |
| Surplus / Deficit | $-13,162 |
| Total Assets | $11K |
| Net Assets | $11K |
| Operating Margin | -3.8% |
| Months of Reserves | 0.3 months |
Financial Health Grade: C
In 2024, Pi Kappa Alpha Fraternity reported a deficit of $13K with expenses exceeding revenue, holds 0.3 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2010–2024), Pi Kappa Alpha Fraternity's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +43.1% | +16.0% | -55.6% |
| 2023 | +26.2% | +18.3% | +136.6% |
| 2022 | +32.5% | +223.0% | -87.6% |
| 2021 | -0.7% | -43.5% | +395.2% |
| 2020 | +55.1% | +72.5% | +16.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1941 |
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 Pi Kappa Alpha Fraternity with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Pi Kappa Alpha Fraternity allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $13K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are likely volunteers or compensated through non-reportable means, which is typical for fraternal organizations of this size.
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 Pi Kappa Alpha Fraternity's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in 7 of 10 periods)
- Fluctuating asset base, indicating potential instability in reserves
Strengths
The following positive indicators were identified for Pi Kappa Alpha Fraternity:
- Zero reported liabilities across all filings, indicating strong debt management
- Consistent 0% officer compensation, suggesting volunteer leadership or efficient compensation structures
- Good filing history with 12 available IRS 990 filings
Frequently Asked Questions about Pi Kappa Alpha Fraternity
Is Pi Kappa Alpha Fraternity a legitimate charity?
Pi Kappa Alpha Fraternity (EIN: 200844569) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $264K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Pi Kappa Alpha Fraternity spend its money?
Pi Kappa Alpha Fraternity directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Pi Kappa Alpha Fraternity tax-deductible?
Pi Kappa Alpha Fraternity is registered as a tax-exempt nonprofit (EIN: 200844569). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pi Kappa Alpha Fraternity's spending goes to programs?
Pi Kappa Alpha Fraternity directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Pi Kappa Alpha Fraternity located?
Pi Kappa Alpha Fraternity is headquartered in Madison, Wisconsin and files with the IRS under EIN 200844569.
How many years of IRS 990 filings does Pi Kappa Alpha Fraternity have?
Pi Kappa Alpha Fraternity has 12 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 $264K in total revenue.
How does Pi Kappa Alpha Fraternity cover its consistent operating deficits?
The filings show that in 7 out of the last 10 periods, expenses exceeded revenue. For example, in 202406, expenses were $364,085 while revenue was $350,923. This suggests the organization may be drawing down reserves or relying on other unreported funding sources to cover these shortfalls.
What are the primary program activities of Pi Kappa Alpha Fraternity?
The NTEE code is unknown, and the 990 data provided does not detail specific program activities. Further investigation into their mission statement or website would be needed to understand their core programs.
Why are assets relatively low compared to revenue in some periods?
Assets have fluctuated significantly, from a high of $80,906 in 202106 to a low of $3,065 in 201806. The latest assets are $16,894. This could indicate that the organization operates with minimal reserves or that its assets are primarily liquid and used quickly.
Filing History
IRS 990 filing history for Pi Kappa Alpha Fraternity showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2024), Pi Kappa Alpha Fraternity's revenue has grown by 70.2%, moving from $206K to $351K. Total assets decreased by 30.5% over the same period, from $15K to $11K. Total functional expenses rose by 92.1%, from $190K to $364K. In its most recent filing year (2024), Pi Kappa Alpha Fraternity reported a deficit of $13K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $351K | $364K | $11K | $0 | — | — |
| 2023 | $245K | $314K | $24K | $0 | — | — |
| 2022 | $194K | $265K | $10K | $0 | — | View 990 |
| 2021 | $147K | $82K | $81K | $0 | — | View 990 |
| 2020 | $148K | $145K | $16K | $0 | — | View 990 |
| 2019 | $95K | $84K | $14K | $0 | — | View 990 |
| 2018 | $113K | $115K | $3K | $0 | — | View 990 |
| 2017 | $100K | $108K | $5K | $0 | — | View 990 |
| 2016 | $93K | $99K | $13K | $0 | — | View 990 |
| 2015 | $91K | $90K | $19K | $0 | — | View 990 |
| 2011 | $218K | $174K | $64K | $0 | — | View 990 |
| 2010 | $206K | $190K | $15K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $351K, expenses of $364K, and assets of $11K (revenue +43.1% year-over-year).
- 2023: Revenue of $245K, expenses of $314K, and assets of $24K (revenue +26.2% year-over-year).
- 2022: Revenue of $194K, expenses of $265K, and assets of $10K (revenue +32.5% year-over-year).
- 2021: Revenue of $147K, expenses of $82K, and assets of $81K (revenue -0.7% year-over-year).
- 2020: Revenue of $148K, expenses of $145K, and assets of $16K (revenue +55.1% year-over-year).
- 2019: Revenue of $95K, expenses of $84K, and assets of $14K (revenue -15.8% year-over-year).
- 2018: Revenue of $113K, expenses of $115K, and assets of $3K (revenue +13.7% year-over-year).
- 2017: Revenue of $100K, expenses of $108K, and assets of $5K (revenue +6.8% year-over-year).
- 2016: Revenue of $93K, expenses of $99K, and assets of $13K (revenue +2.7% year-over-year).
- 2015: Revenue of $91K, expenses of $90K, and assets of $19K (revenue -58.4% year-over-year).
- 2011: Revenue of $218K, expenses of $174K, and assets of $64K (revenue +5.8% year-over-year).
- 2010: Revenue of $206K, expenses of $190K, and assets of $15K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pi Kappa Alpha Fraternity:
Data Sources and Methodology
This transparency report for Pi Kappa Alpha 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.