Psi Iota XI

Analysis

Psi Iota XI is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in December 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending April 2023, Psi Iota XI reported income of $1.2m and spending of $1.2m, spending 97% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $1.2m to $1.2m (+2.2%), an average of +0.7% a year. The sharpest change came in the year to April 2021, when income dropped by 31%. 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 sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include The Phoenix School Inc ($1.2m), Union City Rescare ($1.2m) and Dubuque Symphony Orchestra ($1.2m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.