Sigma Phi Epsilon Educational Foundation

Analysis

Sigma Phi Epsilon Educational Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 1962, 64 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 Phi Epsilon Educational Foundation reported income of $4.8m and spending of $5.9m, spending 123% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $5.7m to $4.8m (-17%), an average of -5.9% a year. The sharpest change came in the year to June 2022, when income rose by 385%. Over the whole period it spent 37% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sigma Phi Epsilon Educational Foundation 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 Institute for Educational Achievement Inc ($4.8m), Long Now Foundation ($4.8m) and Winston School ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $380k. At year end it held assets of $44.7m against liabilities of $242k, net assets of $44.4m.