Theta XI Foundation

Analysis

Theta XI Foundation is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 1954, 72 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 June 2023, Theta XI Foundation reported income of $1.1m and spending of $1.7m, spending 152% of what it took in. Across the 5 years on record, from August 2019 to June 2023, income grew from $1.1m to $1.1m (+2.2%), an average of +0.5% a year. The sharpest change came in the year to June 2022, when income rose by 162%. 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 XI Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Edward a Myerberg ($1.1m), Lazy F Methodist Camp ($1.1m) and Ashwood Waldorf School ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. It paid $24k in professional fundraising fees. At year end it held assets of $5.2m against liabilities of $101k, net assets of $5.1m.