Foundation Chapter of Theta Chi Fraternity Inc

Analysis

Foundation Chapter of Theta Chi Fraternity Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in October 1959, 67 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Foundation Chapter of Theta Chi Fraternity Inc reported income of $1.3m and spending of $1.8m, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $1.3m (-39%), an average of -12% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation Chapter of Theta Chi Fraternity Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include Annunciation Heights ($1.3m), Habitat for Humanity International Inc ($1.3m) and Great Commission Foundation Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $16.5m against liabilities of $409k, net assets of $16.1m.