Is Foundation Chapter Of Theta Chi Fraternity Inc Legit?
Quick charity verification for Foundation Chapter Of Theta Chi Fraternity Inc (EIN: 214014559)
Verdict: Foundation Chapter Of Theta Chi Fraternity Inc appears trustworthy
85/100Mission Score
$2.4MRevenue
$18.4MAssets
2Red Flags
4Strengths
Red Flags
Recent operating deficit in 202306 where expenses ($1,764,697) exceeded revenue ($1,341,324).
Lack of detailed functional expense breakdown (programs, admin, fundraising) in provided data makes precise efficiency assessment difficult.
Strengths
Consistent asset growth over the past decade, from $12,212,218 in 201406 to $18,402,143 in the latest filing.
Consistently reports 0% officer compensation, indicating a highly lean or volunteer-driven leadership structure.
Generally strong revenue generation, often exceeding expenses in most periods, contributing to financial stability.
Low liabilities relative to assets, with liabilities typically less than 5% of total assets, indicating good financial leverage.
Spending Breakdown
How Foundation Chapter Of Theta Chi Fraternity Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Foundation Chapter Of Theta Chi Fraternity Inc
Is Foundation Chapter Of Theta Chi Fraternity Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation Chapter Of Theta Chi Fraternity Inc (EIN: 214014559) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Foundation Chapter Of Theta Chi Fraternity Inc a good charity to donate to?
Foundation Chapter Of Theta Chi Fraternity Inc has a Mission Score of 85/100. Revenue: $2.4M. Assets: $18.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Foundation Chapter Of Theta Chi Fraternity Inc?
The Employer Identification Number (EIN) for Foundation Chapter Of Theta Chi Fraternity Inc is 214014559. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Foundation Chapter Of Theta Chi Fraternity Inc spend its money?
Foundation Chapter Of Theta Chi Fraternity Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Foundation Chapter Of Theta Chi Fraternity Inc's tax-exempt status?
You can verify Foundation Chapter Of Theta Chi Fraternity Inc's tax-exempt status using EIN 214014559 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Foundation Chapter Of Theta Chi Fraternity Inc demonstrates a generally stable financial position with consistent asset growth over the past decade, reaching $18,402,143 in its latest filing. While revenue has fluctuated, it has largely outpaced expenses in most years, contributing to this asset accumulation. For instance, in 202106, revenue was $1,822,164 against expenses of $970,127. However, the most recent period (202306) shows expenses ($1,764,697) exceeding revenue ($1,341,324), indicating a deficit for that year. The organization's transparency is commendable regarding executive compensation, as it consistently reports 0% officer compensation, suggesting a volunteer-led or very low-paid leadership structure, which is a positive indicator for donor trust.
Spending efficiency appears strong given the consistent asset growth and the absence of officer compensation. Without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise efficiency ratio cannot be calculated. However, the overall financial health, marked by substantial assets and generally positive net income trends, suggests effective management of resources. The organization's ability to maintain and grow its asset base while operating without paid officers points to a lean operational model.
Further analysis would benefit from a detailed functional expense statement to fully assess spending efficiency across program delivery, administration, and fundraising. The consistent reporting of 0% officer compensation across all available filings is a significant positive for transparency and suggests that a very high proportion of funds are directed towards the organization's mission or asset building rather than executive salaries.