Theta Phi Alpha Foundation

Analysis

Theta Phi Alpha Foundation is a registered charity in United States, based in Bay Village, OH. It received its IRS tax-exemption ruling in July 1992, 34 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 September 2023, Theta Phi Alpha Foundation reported income of $151k and spending of $97k, leaving 36% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income fell from $252k to $151k (-40%), an average of -22% a year. The sharpest change came in the year to September 2022, when income dropped by 57%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Theta Phi Alpha Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within OH. Charities of a similar size with the same main cause include Shelton-Mcmurphey-Johnson Associates ($151k), Naperville Municipal Band Association Inc ($151k) and City2village International Initiative ($151k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $447k against liabilities of $0, net assets of $447k.