Is Phi Beta Sigma Fraternity Inc Legit? —…

Quick charity verification for Phi Beta Sigma Fraternity Inc (EIN: 111709989)

Strengths

Strong and consistent revenue growth, from $2,885,143 in 201512 to $7,721,840 in 202312.
Significant asset accumulation, increasing from $3,062,707 in 201512 to $10,983,848 in 202312.
Generally positive net income in recent years, indicating financial sustainability (e.g., $1,589,058 in 202312).
Consistent filing of IRS Form 990s over 13 periods, demonstrating commitment to public disclosure.

Spending Breakdown

How Phi Beta Sigma Fraternity Inc allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

10%

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 Phi Beta Sigma Fraternity Inc

Is Phi Beta Sigma Fraternity Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Phi Beta Sigma Fraternity Inc (EIN: 111709989) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Phi Beta Sigma Fraternity Inc a good charity to donate to?

Phi Beta Sigma Fraternity Inc has a Mission Score of 85/100. Revenue: $5.4M. Assets: $14.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Phi Beta Sigma Fraternity Inc?

The Employer Identification Number (EIN) for Phi Beta Sigma Fraternity Inc is 111709989. 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 Phi Beta Sigma Fraternity Inc spend its money?

Phi Beta Sigma Fraternity Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Phi Beta Sigma Fraternity Inc's tax-exempt status?

You can verify Phi Beta Sigma Fraternity Inc's tax-exempt status using EIN 111709989 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

Phi Beta Sigma Fraternity Inc. demonstrates generally sound financial health with consistent revenue growth over the past several years, culminating in $7,721,840 in revenue for the 202312 period. The organization has also significantly grown its assets, from $3,062,707 in 201512 to $10,983,848 in 202312, indicating effective asset management and accumulation. While specific program spending ratios are not detailed in the provided data, the consistent positive net income in most recent years (e.g., $7,721,840 revenue vs. $6,132,782 expenses in 202312) suggests a capacity to fund its operations and potentially expand its programmatic activities.

The organization's financial stability is further supported by its ability to manage liabilities, which have fluctuated but remained manageable relative to its growing asset base. For instance, in 202312, liabilities were $3,974,909 against assets of $10,983,848. The absence of reported officer compensation across all provided filings suggests a volunteer-driven leadership or that compensation is reported under other categories, which could be a point for further transparency inquiry. Overall, the financial trends indicate a well-managed organization with a strong financial trajectory.

Regarding transparency, the consistent filing of IRS Form 990s over 13 periods is a positive indicator of compliance and public disclosure. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a full assessment of spending efficiency is challenging. The lack of reported officer compensation, while potentially positive, also warrants clarification to ensure all relevant financial information is clearly presented.

Is Phi Beta Sigma Fraternity Inc Legit?

Verdict: Phi Beta Sigma Fraternity Inc appears trustworthy

Red Flags