Quick charity verification for Phi Eta Kappa (EIN: 10422081)
Verdict: Phi Eta Kappa appears trustworthy
75/100Mission Score
$144KRevenue
$215KAssets
2Red Flags
4Strengths
Red Flags
Significant increase in liabilities relative to assets ($124,153 liabilities vs. $158,250 assets in 202308)
Periods of zero revenue and expenses (201808, 201908) indicating dormancy or minimal activity
Strengths
Consistent positive revenue growth in recent years (from $13,780 in 202008 to $107,776 in 202308)
Volunteer-based leadership with 0% officer compensation reported
Positive net income in the latest reported period ($107,776 revenue - $87,705 expenses = $20,071 surplus in 202308)
Long and consistent IRS 990 filing history (13 filings)
Spending Breakdown
How Phi Eta Kappa 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 Phi Eta Kappa
Is Phi Eta Kappa a legitimate charity?
Based on AI analysis of IRS 990 filings, Phi Eta Kappa (EIN: 10422081) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Phi Eta Kappa a good charity to donate to?
Phi Eta Kappa has a Mission Score of 75/100. Revenue: $144K. Assets: $215K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Phi Eta Kappa?
The Employer Identification Number (EIN) for Phi Eta Kappa is 10422081. 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 Eta Kappa spend its money?
Phi Eta Kappa allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Phi Eta Kappa's tax-exempt status?
You can verify Phi Eta Kappa's tax-exempt status using EIN 10422081 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 Eta Kappa has shown significant growth in revenue and assets over the past few years, recovering from periods of minimal financial activity. In the 202308 period, the organization reported revenue of $107,776 against expenses of $87,705, indicating a surplus. This positive trend is a good sign for financial stability. However, the organization's liabilities have also grown substantially, reaching $124,153 in 202308, which is a point to monitor relative to its assets of $158,250. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-driven leadership, which can be a positive for donor confidence regarding administrative costs.
While specific breakdowns of program, administrative, and fundraising expenses are not directly available from the provided summary data, the overall financial activity indicates a functioning organization. The NTEE code N50 (Fraternal Societies) suggests a focus on member benefits and community, which typically involves less public fundraising compared to direct service charities. The lack of officer compensation also implies a lean operational structure, potentially maximizing funds for its stated purpose.
Transparency is generally good given the consistent filing history. However, without detailed expense categories, it's challenging to fully assess spending efficiency beyond the overall revenue-to-expense ratio. The significant increase in liabilities warrants further investigation to understand their nature and long-term implications for the organization's financial health.