Sigma Phi Epsilon Education Foundation of Texas Alpha

Analysis

Sigma Phi Epsilon Education Foundation of Texas Alpha is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 1981, 45 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 2024, Sigma Phi Epsilon Education Foundation of Texas Alpha reported income of $61k and spending of $132k, spending 216% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $99k to $61k (-38%), an average of -38% a year. The sharpest change came in the year to June 2024, when income dropped by 38%. Over the whole period it spent 157% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sigma Phi Epsilon Education Foundation of Texas Alpha sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include Harry Cashin Memorial Scholaship Fund Inc ($61k), Anchor Bay Sports Boosters ($61k) and Eastern New Mexico University-Ruidoso Foundation Inc ($61k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 42% of the total. At year end it held assets of $423k against liabilities of $750k, net assets of -$327k.