Beta Psi 1923 Foundation

Analysis

Beta Psi 1923 Foundation is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 2019, 7 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 December 2023, Beta Psi 1923 Foundation reported income of $211k and spending of $239k, spending 113% of what it took in. Across the 2 years on record, from December 2021 to December 2023, income grew from $165k to $211k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beta Psi 1923 Foundation 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 55th percentile, and in the 59th percentile within GA. Charities of a similar size with the same main cause include Frank Black Middle School PTO ($211k), Central High Band Boosters Inc ($211k) and Spring-Mar Preschool Association Inc ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.