Phi Beta Kappa Society

Analysis

Phi Beta Kappa Society is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in June 1951, 75 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 March 2023, Phi Beta Kappa Society reported income of $138k and spending of $257k, spending 186% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $110k to $138k (+26%), an average of +6.0% a year. The sharpest change came in the year to March 2020, when income dropped by 127%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phi Beta Kappa Society sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include Luthern Services for the Developmentally Disabled Inc ($138k), Society of American Military Engineers ($138k) and Centura Educational Foundation ($138k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 9.4% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.