Is Sigma Phi Society Inc Legit?

Strengths

Consistent reporting of 0% officer compensation, indicating low administrative overhead at the executive level.
Low and stable liabilities, typically under $10,000, suggesting good debt management.
Consistent filing of IRS Form 990s, demonstrating regulatory compliance and transparency in reporting.
Generally positive net income in recent years (e.g., 2023 and 2021), indicating operational sustainability.

Spending Breakdown

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

70%

Program Spending

Below average — room for improvement

20%

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 Sigma Phi Society Inc

Is Sigma Phi Society Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Sigma Phi Society Inc (EIN: 135392442) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.

Is Sigma Phi Society Inc a good charity to donate to?

Sigma Phi Society Inc has a Mission Score of 75/100. Revenue: $93K. Assets: $247K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Sigma Phi Society Inc?

The Employer Identification Number (EIN) for Sigma Phi Society Inc is 135392442. 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 Sigma Phi Society Inc spend its money?

Sigma Phi Society Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

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

You can verify Sigma Phi Society Inc's tax-exempt status using EIN 135392442 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

Sigma Phi Society Inc demonstrates a consistent operational pattern with revenues and expenses generally fluctuating around the $100,000 to $150,000 range over the past decade. The organization's assets have seen a gradual decline from a high of $443,538 in 2014 to $243,718 in 2023, indicating a potential draw on reserves or depreciation of assets. While the organization has reported zero officer compensation across all available filings, which is a positive sign for minimizing administrative overhead, the lack of detailed expense breakdowns (e.g., program vs. administrative vs. fundraising) in the provided data makes a precise assessment of spending efficiency challenging. The organization's liabilities have remained relatively low, typically under $10,000, suggesting good financial management in terms of debt.

Without specific breakdowns of program service expenses, management and general expenses, and fundraising expenses, it's difficult to fully evaluate the efficiency of their spending. However, the consistent reporting of zero officer compensation suggests a lean administrative structure at the top. The organization's revenue has been somewhat volatile, with a low of $43,136 in 2020 and a high of $172,775 in 2017, which could impact long-term financial stability if not managed effectively. The recent trend shows revenues generally covering expenses, with a slight surplus in 2023 ($112,777 revenue vs. $110,919 expenses) and 2021 ($79,892 revenue vs. $64,475 expenses), but deficits in other years like 2022 and 2020.

Overall, the organization appears to be financially stable with modest assets and low liabilities. The transparency regarding officer compensation is excellent. However, for a more comprehensive transparency assessment, detailed functional expense breakdowns would be beneficial to understand how much of their budget directly supports their mission versus administrative or fundraising activities. The consistent filing of IRS Form 990s indicates a commitment to regulatory compliance.

Verdict: Sigma Phi Society Inc appears trustworthy

Red Flags