Quick charity verification for Lambda Chi Alpha Fraternity Inc (EIN: 20260568)
Verdict: Lambda Chi Alpha Fraternity Inc shows mixed signals
45/100Mission Score
$131KRevenue
$1KAssets
3Red Flags
2Strengths
Red Flags
Significant net loss in the latest fiscal year ($1,677).
Dramatic decline in assets from $108,808 to $1,119 in one year.
Expenses ($132,601) significantly exceeded revenue ($130,924) in the latest period.
Strengths
No reported officer compensation, indicating volunteer leadership.
Zero liabilities reported in both fiscal years, suggesting no outstanding debt.
Spending Breakdown
How Lambda Chi Alpha Fraternity Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Lambda Chi Alpha Fraternity Inc
Is Lambda Chi Alpha Fraternity Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lambda Chi Alpha Fraternity Inc (EIN: 20260568) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
Is Lambda Chi Alpha Fraternity Inc a good charity to donate to?
Lambda Chi Alpha Fraternity Inc has a Mission Score of 45/100. Revenue: $131K. Assets: $1K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lambda Chi Alpha Fraternity Inc?
The Employer Identification Number (EIN) for Lambda Chi Alpha Fraternity Inc is 20260568. 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 Lambda Chi Alpha Fraternity Inc spend its money?
Lambda Chi Alpha Fraternity Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lambda Chi Alpha Fraternity Inc's tax-exempt status?
You can verify Lambda Chi Alpha Fraternity Inc's tax-exempt status using EIN 20260568 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
Lambda Chi Alpha Fraternity Inc. demonstrates a concerning financial trend in its latest filing. While revenue saw a modest increase from $125,224 in 2022 to $130,924 in 2023, expenses surged dramatically from $67,685 to $132,601 in the same period, resulting in a net loss for the 2023 fiscal year. This significant increase in expenses, exceeding revenue, raises questions about financial sustainability. The organization's assets also plummeted from $108,808 in 2022 to a mere $1,119 in 2023, indicating a substantial depletion of reserves. The lack of reported officer compensation in both periods suggests a volunteer-driven leadership, which can be a positive for efficiency, but the overall financial picture points to potential operational challenges given the asset decline and expense growth.