Phi Beta Kappa Society

Analysis

Phi Beta Kappa Society is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1951, 75 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 December 2021, Phi Beta Kappa Society reported income of $108k and spending of $107k, spending 98% of its income. Across the 2 years on record, from December 2019 to December 2021, income fell from $117k to $108k (-7.3%), an average of -7.3% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phi Beta Kappa Society sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 20th percentile within DC. Charities of a similar size with the same main cause include Home Based Educators Accrediting Association ($108k), The Masters Plan Ministries Inc ($108k) and North Brevard Senior Center Inc ($108k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 69% and program service revenue 9.7% of the total. At year end it held assets of $727k against liabilities of $0, net assets of $727k.