Phi Lambda Sigma National Office

Analysis

Phi Lambda Sigma National Office is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 1981, 45 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 December 2023, Phi Lambda Sigma National Office reported income of $230k and spending of $267k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $230k (+28%), an average of +6.3% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phi Lambda Sigma National Office sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include Church Planting International ($230k), Alexandria Volunteer Fire Co ($230k) and North Lake County Emergency Medical Service Inc ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 97% of the total. At year end it held assets of $350k against liabilities of $0, net assets of $350k.