Phi Beta Sigma Fraternity-Eta Beta Sigma Chapter Incorporated

Analysis

Phi Beta Sigma Fraternity-Eta Beta Sigma Chapter Incorporated is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Phi Beta Sigma Fraternity-Eta Beta Sigma Chapter Incorporated reported income of $64k and spending of $33k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $15k to $64k (+312%), an average of +42% a year. The sharpest change came in the year to December 2020, when income rose by 213%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Phi Beta Sigma Fraternity-Eta Beta Sigma Chapter Incorporated sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within TN. Charities of a similar size with the same main cause include Society of St Vincent de Paul Council of Northern Kentucky Inc ($64k), PNR USA Foundation Inc ($64k) and Fostering Family Hope ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% and program service revenue 11% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.