Gamma Beta Phi Society

Analysis

Gamma Beta Phi Society is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in May 1966, 60 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 June 2023, Gamma Beta Phi Society reported income of $353k and spending of $343k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $441k to $353k (-20%), an average of -5.4% a year. The sharpest change came in the year to June 2022, when income dropped by 47%. 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, Gamma Beta Phi Society sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within TN. Charities of a similar size with the same main cause include Adams Fire Company Inc ($353k), Cherry Creek School District Parent Teacher Community Council Inc ($353k) and Ettrick-Matoaca Rescue Squad Inc ($353k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $46k (13% of expenses). Other salaries and wages came to $34k. At year end it held assets of $117k against liabilities of $0, net assets of $117k. It reported 2 employees.