Phi Sigma Iota Foreign Language National Honor Society

Analysis

Phi Sigma Iota Foreign Language National Honor Society is a registered charity in United States, based in Meadville, PA. It received its IRS tax-exemption ruling in March 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 March 2024, Phi Sigma Iota Foreign Language National Honor Society reported income of $71k and spending of $60k, spending 85% of its income. Across the 4 years on record, from March 2021 to March 2024, income grew from $43k to $71k (+65%), an average of +18% a year. The sharpest change came in the year to March 2022, when income rose by 50%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phi Sigma Iota Foreign Language National Honor Society sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within PA. Charities of a similar size with the same main cause include South Texas Youth Soccer Association ($71k), Burien Co-Operative Preschool ($71k) and Lawrence County Historical Society Inc ($70k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 0.0% and program service revenue 59% of the total. Other salaries and wages came to $11k. At year end it held assets of $647k against liabilities of $0, net assets of $647k. It reported 2 employees.