Phi Beta Psi Sorority

Analysis

Phi Beta Psi Sorority is a registered charity in United States, based in Sellersburg, IN. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2024, Phi Beta Psi Sorority reported income of $446k and spending of $462k, spending 104% of its income. Across the 4 years on record, from May 2020 to May 2024, income grew from $297k to $446k (+50%), an average of +14% a year. The sharpest change came in the year to May 2023, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phi Beta Psi Sorority sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IN. Charities of a similar size with the same main cause include Imago Dei Classical Academy Inc ($446k), Romanza St Augustine Inc ($446k) and Read Muskegon ($446k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $446k against liabilities of $0, net assets of $446k.