Mu Phi Epsilon Foundation

Analysis

Mu Phi Epsilon Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in October 1964, 62 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 June 2023, Mu Phi Epsilon Foundation reported income of $307k and spending of $233k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $221k to $307k (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2023, when income rose by 512%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mu Phi Epsilon Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Fideicomiso Para El Desarrollo de Rio Piedras ($307k), Hornell Area Concern for Youth Inc ($307k) and San Diego County Tennis Umpires Association ($307k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $5.6m against liabilities of $330, net assets of $5.6m.