Chi Phi Educational Trust

Analysis

Chi Phi Educational Trust is a registered charity in United States, based in Roswell, GA. It received its IRS tax-exemption ruling in August 1980, 46 years ago. 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, Chi Phi Educational Trust reported income of $893k and spending of $1.1m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $816k to $893k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chi Phi Educational Trust sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include Kennedy Center of Louisiana LLC ($893k), Masonic Widows & Orphans Home of Tennessee Fund ($893k) and Holy Martyrs Armenian Day School ($893k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% of the total. Compensation of current officers, directors and key employees was $139k (13% of expenses). At year end it held assets of $5.7m against liabilities of $85k, net assets of $5.6m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.