Sigma Chi Foundation

Analysis

Sigma Chi Foundation is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in April 1941, 85 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 June 2022, Sigma Chi Foundation reported income of $10.4m and spending of $11.7m, spending 113% of what it took in. Across the 3 years on record, from June 2020 to June 2022, income grew from $8.9m to $10.4m (+17%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sigma Chi Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Community Education Alliance of West Philadelphia ($10.4m), East Point Academy ($10.4m) and Atlantic Christian Academy of the Palm Beaches Inc ($10.4m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 93% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $583k (5.0% of expenses). Other salaries and wages came to $2.1m. It paid $70k in professional fundraising fees. At year end it held assets of $41.1m against liabilities of $6.5m, net assets of $34.6m. It reported 25 employees.