Quick charity verification for Theta Chi Fraternity Inc (EIN: 150560506)
Verdict: Theta Chi Fraternity Inc shows mixed signals
65/100Mission Score
$259KRevenue
$385KAssets
4Red Flags
3Strengths
Red Flags
Expenses consistently exceeding revenue in recent years (e.g., 2023, 2022 filings).
Significant increase in liabilities from $18,499 in 2021 to $93,300 in 2023.
Decrease in assets from $439,135 in 2022 to $311,437 in 2023.
Lack of NTEE code, making peer comparison difficult.
Strengths
Consistent filing of IRS 990s, indicating transparency.
0% reported officer compensation across all filings, suggesting efficient use of funds for leadership.
Long history of operations with consistent revenue generation.
Spending Breakdown
How Theta Chi Fraternity 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 Theta Chi Fraternity Inc
Is Theta Chi Fraternity Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Theta Chi Fraternity Inc (EIN: 150560506) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
Is Theta Chi Fraternity Inc a good charity to donate to?
Theta Chi Fraternity Inc has a Mission Score of 65/100. Revenue: $259K. Assets: $385K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Theta Chi Fraternity Inc?
The Employer Identification Number (EIN) for Theta Chi Fraternity Inc is 150560506. 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 Theta Chi Fraternity Inc spend its money?
Theta Chi Fraternity Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Theta Chi Fraternity Inc's tax-exempt status?
You can verify Theta Chi Fraternity Inc's tax-exempt status using EIN 150560506 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
Theta Chi Fraternity Inc. demonstrates a consistent operational pattern with revenues generally covering expenses, though recent years show some deficits. For instance, in 2023, expenses of $301,030 exceeded revenues of $246,598, and in 2022, expenses of $229,482 surpassed revenues of $162,414. This trend of spending more than it takes in could indicate reliance on reserves or fluctuating financial stability. The organization's assets have also shown some variability, decreasing from $439,135 in 2022 to $311,437 in 2023, while liabilities increased significantly from $18,499 in 2021 to $93,300 in 2023, which warrants closer examination.
The lack of reported officer compensation across all available filings suggests that executive leadership may be volunteer-based or compensated through other means not captured in this specific line item, which can be a positive indicator of resource allocation towards mission-related activities. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. The organization's financial health appears stable over the long term, but the recent deficits and increasing liabilities suggest a need for careful monitoring of financial management practices.
Transparency is moderately good given the consistent filing of IRS Form 990s. However, the absence of NTEE code information makes it difficult to benchmark against similar organizations. A more detailed breakdown of expenses would significantly enhance the ability to evaluate how effectively funds are being utilized to achieve its fraternal mission.