Sigma Nu Educational Foundation Inc

Analysis

Sigma Nu Educational Foundation Inc is a registered charity in United States, based in Lexington, VA. It received its IRS tax-exemption ruling in September 1951, 75 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 2023, Sigma Nu Educational Foundation Inc reported income of $4.7m and spending of $3.0m, leaving 35% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.5m to $4.7m (+33%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sigma Nu Educational Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Grace Christian School of Cypress California ($4.7m), Michigan Center for Construction Education & Research TR Ua ($4.7m) and 21st Century Partnership for STEM Education ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 4.5% of the total. Other salaries and wages came to $499k. At year end it held assets of $19.5m against liabilities of $1.4m, net assets of $18.1m.