The Washington Alumni Chapter Kappa Alpha Psi Fraternity
EIN: 530205684 · Washington, DC · NTEE: Y42
| Metric | Value |
|---|---|
| Total Revenue | $207K |
| Total Expenses | $315K |
| Net Assets | $337K |
Is The Washington 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 The Washington Alumni Chapter Kappa Alpha Psi Fraternity
The Washington Alumni Chapter Kappa Alpha Psi Fraternity (EIN: 530205684) is a nonprofit organization based in Washington, DC, classified under NTEE code Y42. The organization reported total revenue of $207K and total assets of $245K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Washington 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
The Washington Alumni Chapter Kappa Alpha Psi Fraternity is a small nonprofit that has been operating for 12 years, with 14 years of IRS 990 filings on record (2009–2024). Revenue has grown at a compound annual rate of 12.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $385K |
| Total Expenses | $315K |
| Surplus / Deficit | +$70K |
| Total Assets | $337K |
| Net Assets | $337K |
| Operating Margin | 18.3% |
| Months of Reserves | 12.8 months |
Financial Health Grade: A
In 2024, The Washington Alumni Chapter Kappa Alpha Psi Fraternity reported a surplus of $70K with revenue exceeding expenses, holds 12.8 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2009–2024), The Washington Alumni Chapter Kappa Alpha Psi Fraternity's revenue has grown at a compound annual growth rate (CAGR) of 12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +140.6% | +113.9% | +29.1% |
| 2023 | +16.2% | +2.1% | +5.2% |
| 2022 | +48.4% | +29.2% | +27.6% |
| 2021 | -44.2% | -0.6% | +13.0% |
| 2020 | -14.7% | -39.8% | +15.8% |
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 The Washington 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 The Washington 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $70K, with revenue exceeding expenses.
Frequently Asked Questions about The Washington Alumni Chapter Kappa Alpha Psi Fraternity
Is The Washington Alumni Chapter Kappa Alpha Psi Fraternity a legitimate charity?
Based on AI analysis of IRS 990 filings, The Washington Alumni Chapter Kappa Alpha Psi Fraternity (EIN: 530205684) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Washington Alumni Chapter Kappa Alpha Psi Fraternity spend its money?
Detailed spending breakdown data is not yet available for The Washington Alumni Chapter Kappa Alpha Psi Fraternity. Check back for updated IRS 990 analysis.
Are donations to The Washington Alumni Chapter Kappa Alpha Psi Fraternity tax-deductible?
The Washington Alumni Chapter Kappa Alpha Psi Fraternity is registered as a tax-exempt nonprofit (EIN: 530205684). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Washington Alumni Chapter Kappa Alpha Psi Fraternity located?
The Washington Alumni Chapter Kappa Alpha Psi Fraternity is headquartered in Washington, Washington DC and files with the IRS under EIN 530205684. It is classified under NTEE code Y42.
How many years of IRS 990 filings does The Washington Alumni Chapter Kappa Alpha Psi Fraternity have?
The Washington Alumni Chapter Kappa Alpha Psi Fraternity 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 $207K in total revenue.
Filing History
IRS 990 filing history for The Washington Alumni Chapter Kappa Alpha Psi Fraternity showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2009–2024), The Washington Alumni Chapter Kappa Alpha Psi Fraternity's revenue has grown by 457.5%, moving from $69K to $385K. Total assets increased by 362% over the same period, from $73K to $337K. Total functional expenses rose by 190.1%, from $109K to $315K. In its most recent filing year (2024), The Washington Alumni Chapter Kappa Alpha Psi Fraternity reported a surplus of $70K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $385K | $315K | $337K | $0 | — | — |
| 2023 | $160K | $147K | $261K | $0 | — | — |
| 2022 | $138K | $144K | $248K | $0 | — | View 990 |
| 2021 | $93K | $112K | $194K | $0 | — | — |
| 2020 | $166K | $112K | $172K | $0 | — | View 990 |
| 2019 | $195K | $187K | $149K | $0 | — | View 990 |
| 2018 | $176K | $164K | $134K | $0 | — | View 990 |
| 2017 | $98K | $148K | $132K | $8K | — | View 990 |
| 2015 | $88K | $52K | $145K | $11K | — | View 990 |
| 2014 | $78K | $73K | $116K | $22K | — | View 990 |
| 2013 | $90K | $69K | $138K | $11K | — | — |
| 2011 | $79K | $62K | $113K | $43K | — | View 990 |
| 2010 | $53K | $55K | $72K | $19K | — | View 990 |
| 2009 | $69K | $109K | $73K | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $385K, expenses of $315K, and assets of $337K (revenue +140.6% year-over-year).
- 2023: Revenue of $160K, expenses of $147K, and assets of $261K (revenue +16.2% year-over-year).
- 2022: Revenue of $138K, expenses of $144K, and assets of $248K (revenue +48.4% year-over-year).
- 2021: Revenue of $93K, expenses of $112K, and assets of $194K (revenue -44.2% year-over-year).
- 2020: Revenue of $166K, expenses of $112K, and assets of $172K (revenue -14.7% year-over-year).
- 2019: Revenue of $195K, expenses of $187K, and assets of $149K (revenue +10.5% year-over-year).
- 2018: Revenue of $176K, expenses of $164K, and assets of $134K (revenue +79.7% year-over-year).
- 2017: Revenue of $98K, expenses of $148K, and assets of $132K (revenue +12.1% year-over-year).
- 2015: Revenue of $88K, expenses of $52K, and assets of $145K (revenue +12.3% year-over-year).
- 2014: Revenue of $78K, expenses of $73K, and assets of $116K (revenue -12.9% year-over-year).
- 2013: Revenue of $90K, expenses of $69K, and assets of $138K (revenue +12.7% year-over-year).
- 2011: Revenue of $79K, expenses of $62K, and assets of $113K (revenue +49.5% year-over-year).
- 2010: Revenue of $53K, expenses of $55K, and assets of $72K (revenue -23.1% year-over-year).
- 2009: Revenue of $69K, expenses of $109K, and assets of $73K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Washington Alumni Chapter Kappa Alpha Psi Fraternity:
Data Sources and Methodology
This transparency report for The Washington 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.