Alpha Chi Alpha Fraternity
Alpha Chi Alpha Fraternity consistently operates with surpluses and no liabilities, growing assets to over $112,000.
EIN: 20241594 · Hanover, NH · NTEE: B83 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $89K |
| Total Expenses | $64K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $100,000. |
| Net Assets | $113K |
| Transparency Score | 92/100 |
Is Alpha Chi Alpha Fraternity Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alpha Chi Alpha Fraternity directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alpha Chi Alpha Fraternity
Alpha Chi Alpha Fraternity (EIN: 20241594) is a nonprofit organization based in Hanover, NH, classified under NTEE code B83. The organization reported total revenue of $89K and total assets of $106K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alpha Chi Alpha Fraternity's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alpha Chi Alpha Fraternity is a micro nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $77K |
| Total Expenses | $64K |
| Surplus / Deficit | +$13K |
| Total Assets | $113K |
| Net Assets | $113K |
| Operating Margin | 16.9% |
| Months of Reserves | 21.2 months |
Financial Health Grade: A
In 2023, Alpha Chi Alpha Fraternity reported a surplus of $13K with revenue exceeding expenses, holds 21.2 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2014–2023), Alpha Chi Alpha Fraternity's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.2% | +10.0% | +13.0% |
| 2022 | -21.8% | +13.9% | +9.5% |
| 2021 | +445.1% | +382.8% | +60.3% |
| 2020 | -75.9% | -85.4% | +9.8% |
| 2019 | -13.2% | +8.3% | -12.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Alpha Chi Alpha Fraternity with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Alpha Chi Alpha Fraternity allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all ten filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with assets exceeding $100,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Alpha Chi Alpha Fraternity:
- Consistent positive net income in most recent years (e.g., $12,949 in 2023).
- Zero reported liabilities across all ten filing periods.
- Significant asset growth from $56,855 in 2020 to $112,714 in 2023.
- 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Consistent filing of IRS Form 990s over a decade, demonstrating transparency.
Frequently Asked Questions about Alpha Chi Alpha Fraternity
Is Alpha Chi Alpha Fraternity a legitimate charity?
Based on AI analysis of IRS 990 filings, Alpha Chi Alpha Fraternity (EIN: 20241594) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Alpha Chi Alpha Fraternity spend its money?
Alpha Chi Alpha Fraternity directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Alpha Chi Alpha Fraternity tax-deductible?
Alpha Chi Alpha Fraternity is registered as a tax-exempt nonprofit (EIN: 20241594). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Alpha Chi Alpha Fraternity CEO make?
Alpha Chi Alpha Fraternity's highest-compensated officer earns $100,000. annually. The organization reported $89K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Alpha Chi Alpha Fraternity compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Alpha Chi Alpha Fraternity is above average for NTEE category B83 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Alpha Chi Alpha Fraternity located?
Alpha Chi Alpha Fraternity is headquartered in Hanover, New Hampshire and files with the IRS under EIN 20241594. It is classified under NTEE code B83.
How many years of IRS 990 filings does Alpha Chi Alpha Fraternity have?
Alpha Chi Alpha Fraternity has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $89K in total revenue.
Is Alpha Chi Alpha Fraternity financially stable?
Yes, Alpha Chi Alpha Fraternity is financially stable. It has consistently reported positive net income in recent years (e.g., $12,949 surplus in 2023) and has no reported liabilities across all ten filings, indicating a strong financial position.
How has Alpha Chi Alpha Fraternity's asset base changed over time?
The organization's assets have shown significant growth, particularly since 2020, increasing from $56,855 to $112,714 in 2023, demonstrating effective asset accumulation and management.
Does Alpha Chi Alpha Fraternity pay its officers?
No, Alpha Chi Alpha Fraternity reports 0% officer compensation across all ten years of filings, indicating a volunteer leadership structure.
Filing History
IRS 990 filing history for Alpha Chi Alpha Fraternity showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Alpha Chi Alpha Fraternity's revenue has declined by 7%, moving from $82K to $77K. Total assets increased by 4.5% over the same period, from $108K to $113K. Total functional expenses fell by 2.6%, from $65K to $64K. In its most recent filing year (2023), Alpha Chi Alpha Fraternity reported a surplus of $13K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $77K | $64K | $113K | $0 | — | View 990 |
| 2022 | $67K | $58K | $100K | $0 | — | View 990 |
| 2021 | $85K | $51K | $91K | $0 | — | View 990 |
| 2020 | $16K | $11K | $57K | $0 | — | View 990 |
| 2019 | $65K | $72K | $52K | $0 | — | View 990 |
| 2018 | $75K | $67K | $59K | $0 | — | View 990 |
| 2017 | $73K | $61K | $51K | $0 | — | View 990 |
| 2016 | $65K | $69K | $114K | $0 | — | View 990 |
| 2015 | $69K | $58K | $116K | $0 | — | View 990 |
| 2014 | $82K | $65K | $108K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $77K, expenses of $64K, and assets of $113K (revenue +15.2% year-over-year).
- 2022: Revenue of $67K, expenses of $58K, and assets of $100K (revenue -21.8% year-over-year).
- 2021: Revenue of $85K, expenses of $51K, and assets of $91K (revenue +445.1% year-over-year).
- 2020: Revenue of $16K, expenses of $11K, and assets of $57K (revenue -75.9% year-over-year).
- 2019: Revenue of $65K, expenses of $72K, and assets of $52K (revenue -13.2% year-over-year).
- 2018: Revenue of $75K, expenses of $67K, and assets of $59K (revenue +3.0% year-over-year).
- 2017: Revenue of $73K, expenses of $61K, and assets of $51K (revenue +11.5% year-over-year).
- 2016: Revenue of $65K, expenses of $69K, and assets of $114K (revenue -5.4% year-over-year).
- 2015: Revenue of $69K, expenses of $58K, and assets of $116K (revenue -16.6% year-over-year).
- 2014: Revenue of $82K, expenses of $65K, and assets of $108K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alpha Chi Alpha Fraternity:
Data Sources and Methodology
This transparency report for Alpha Chi Alpha Fraternity is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.