Future Business Leaders of America- Phi Beta Lambda Inc

Analysis

Future Business Leaders of America- Phi Beta Lambda Inc is a registered charity in United States, based in Owasso, OK. It received its IRS tax-exemption ruling in October 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Future Business Leaders of America- Phi Beta Lambda Inc reported income of $1.8m and spending of $1.7m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $482k to $1.8m (+270%), an average of +55% a year. The sharpest change came in the year to June 2022, when income rose by 226%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Future Business Leaders of America- Phi Beta Lambda Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within OK. Charities of a similar size with the same main cause include Transylvania Habitat for Humanity Inc ($1.8m), Women S Coalition of St Croix Inc ($1.8m) and The Nashville Chamber Public Benefit Foundation ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $42k (2.5% of expenses). At year end it held assets of $743k against liabilities of $386k, net assets of $357k.