Pi Beta Phi Foundation for Scholarships

Analysis

Pi Beta Phi Foundation for Scholarships is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Pi Beta Phi Foundation for Scholarships reported income of $880k and spending of $800k, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $680k to $880k (+29%), an average of +6.7% a year. The sharpest change came in the year to August 2022, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pi Beta Phi Foundation for Scholarships sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Decatur Public Schools Foundation ($880k), Tampa Bay Pipe Trades Jatc ($880k) and Clearwater School ($880k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 8.0% and program service revenue 91% of the total. Other salaries and wages came to $222k. At year end it held assets of $5.5m against liabilities of $0, net assets of $5.5m. It reported 4 employees.