Psi Iota XI Sorority

Analysis

Psi Iota XI Sorority is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 1951, 75 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 April 2023, Psi Iota XI Sorority reported income of $91k and spending of $99k, spending 108% of what it took in. Across the 2 years on record, from April 2022 to April 2023, income grew from $78k to $91k (+17%), an average of +17% a year. The sharpest change came in the year to April 2023, when income rose by 17%. 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, Psi Iota XI Sorority sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within IN. Charities of a similar size with the same main cause include Riverview Medical Center Auxiliary Inc ($91k), Chelsea Childrens Cooperative Inc ($91k) and Zephyr Cove Tennis Club Foundation ($91k).

On its Form 990-EZ for the period ending April 2023, revenue came from contributions and grants 9.4% and program service revenue 1.1% of the total. At year end it held assets of $107k against liabilities of $0, net assets of $107k.