Phi Upsilon Omicron Inc

Analysis

Phi Upsilon Omicron Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in October 1947, 79 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 July 2023, Phi Upsilon Omicron Inc reported income of $117k and spending of $143k, spending 123% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $150k to $117k (-22%), an average of -6.1% a year. The sharpest change came in the year to July 2021, when income rose by 283%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phi Upsilon Omicron Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within KY. Charities of a similar size with the same main cause include Little League Baseball Inc ($117k), Potomac Area Hostels ($117k) and Burning Plow Ministries ($117k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $70k (49% of expenses). At year end it held assets of $961k against liabilities of $84, net assets of $961k. It reported 2 employees.