Phi Beta Psi Sorority

Analysis

Phi Beta Psi Sorority is a registered charity in United States, based in Mt Sterling, OH. It received its IRS tax-exemption ruling in February 1953, 73 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 May 2023, Phi Beta Psi Sorority reported income of $494k and spending of $481k, spending 98% of its income. Across the 3 years on record, from May 2020 to May 2023, income grew from $352k to $494k (+40%), an average of +18% a year. The sharpest change came in the year to May 2022, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phi Beta Psi Sorority sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Association of International Marathons and Road Races ($494k), Christ Life Ministries ($494k) and University City Arts League Inc ($493k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $279k against liabilities of $0, net assets of $279k.