Phi Alpha National Honor Society

Analysis

Phi Alpha National Honor Society is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in October 2009, 17 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 June 2023, Phi Alpha National Honor Society reported income of $358k and spending of $406k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $358k to $358k (-0.0%), an average of +-0.0% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phi Alpha National Honor Society sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within TN. Charities of a similar size with the same main cause include Family to Family Network ($358k), Grow Cycling Foundation Corporation ($358k) and Mount Desert Island Community Sailing and Maritime Education ($358k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.2% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $112k (28% of expenses). Other salaries and wages came to $28k. At year end it held assets of $610k against liabilities of $0, net assets of $610k.