Beta Phi Mu

Analysis

Beta Phi Mu is a registered charity in United States, based in Davie, FL. It received its IRS tax-exemption ruling in July 1974, 52 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 December 2023, Beta Phi Mu reported income of $57k and spending of $40k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $57k (-11%), an average of -11% a year. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beta Phi Mu sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include New Life for Youth Enterprise Inc ($57k), Montana 4-H Foundation Inc ($57k) and PTA Texas Congress ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $101k against liabilities of $130, net assets of $101k.