Silver Spring Alumni Chapter-kappa Alpha Psi Fraternity Inc is a 501(c)(7) organization based in Silver Spring, Maryland, registered in 2014, with $491 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$491
▼ 99.7% vs prior year
Education median: $200K
Expenses (FY2024)
$54K
Net assets
$169K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Silver Spring Alumni Chapter-kappa Alpha Psi Fraternity Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Silver Spring Alumni Chapter-kappa Alpha Psi Fraternity Inc: 38 mo reserves · -10938% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Silver Spring Alumni Chapter-kappa Alpha Psi Fraternity Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Silver Spring Alumni Chapter-kappa Alpha Psi Fraternity Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $70K (FY2021) to $491 (FY2024) across 3 reported years.
Financial snapshot
Operating margin
-10938.1%
Spent more than it raised in the latest fiscal year.
Total assets
$208K
Total liabilities
$39K
Net assets
$169K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $491▼99.7% | $54,197▼48.2% | $169,478▲19.9% | $208,052▲47.2% | 990EZ |
| 2022 | $185,387▲163% | $104,585▲101% | $141,295▲134% | $141,295▲134% | 990EZ |
| 2021 | $70,373 | $52,010 | $60,493 | $60,493 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Silver Spring Alumni Chapter-kappa Alpha Psi Fraternity Inc (EIN 23-7203686) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.