Phi Eta Sigma National Honor Society Inc

Analysis

Phi Eta Sigma National Honor Society Inc is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in September 2014, 12 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, Phi Eta Sigma National Honor Society Inc reported income of $722k and spending of $1.0m, spending 142% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.7m to $722k (-58%), an average of -25% a year. The sharpest change came in the year to June 2021, when income dropped by 56%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phi Eta Sigma National Honor Society Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within AL. Charities of a similar size with the same main cause include CT Bar Institute Inc ($721k), Iowa Safe Schools ($722k) and The Learning Circle Preschool Inc ($721k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 77% of the total. Other salaries and wages came to $258k. At year end it held assets of $7.7m against liabilities of $41k, net assets of $7.7m. It reported 9 employees.