Chi Eta Phi Sorority Incorporated

Analysis

Chi Eta Phi Sorority Incorporated is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Chi Eta Phi Sorority Incorporated reported income of $1.1m and spending of $897k, spending 84% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $679k to $1.1m (+57%), an average of +12% a year. The sharpest change came in the year to May 2021, when income rose by 67%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chi Eta Phi Sorority Incorporated sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 56th percentile within DC. Charities of a similar size with the same main cause include Red Jacket Center Inc ($1.1m), Senior Meals and Services Inc ($1.1m) and Hillel the Foundation for Jewish Campus Life ($1.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $101k (11% of expenses). Other salaries and wages came to $81k. At year end it held assets of $3.1m against liabilities of $70k, net assets of $3.0m.