Sigma Beta XI Inc

Analysis

Sigma Beta XI Inc is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Sigma Beta XI Inc reported income of $3.3m and spending of $2.6m, leaving 22% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.5m to $3.3m (+129%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sigma Beta XI Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Catholic Charities Diocese of Lubbock ($3.3m), Cal-Pep ($3.3m) and Just Food of Douglas County Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $162k (6.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.5m against liabilities of $4.1m, net assets of $1.4m. It reported 41 employees.