Phi Beta Psi Sorority

Analysis

Phi Beta Psi Sorority is a registered charity in United States, based in London, OH. 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 $111k and spending of $108k, spending 98% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $93k to $111k (+18%), an average of +18% a year. The sharpest change came in the year to May 2024, when income rose by 18%. Over the whole period it spent 99% 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 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within OH. Charities of a similar size with the same main cause include Rochester Childrens Scholarship Fund Inc ($111k), City Seminary of Sacramento ($111k) and Wauwatosa Womans Club ($111k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 5.6% and program service revenue 3.1% of the total. At year end it held assets of $6,681 against liabilities of $0, net assets of $6,681.