Beta Psi Foundation Inc
Beta Psi Foundation Inc maintains strong asset growth and no reported executive compensation over a decade.
EIN: 201217639 · Atlanta, GA · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $880K |
| Total Expenses | $115K |
| Program Spending | 80% |
| Net Assets | $2.3M |
| Transparency Score | 85/100 |
Is Beta Psi Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Beta Psi Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Beta Psi Foundation Inc
Beta Psi Foundation Inc (EIN: 201217639) is a nonprofit organization based in Atlanta, GA, classified under NTEE code B82. The organization reported total revenue of $880K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Beta Psi Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Beta Psi Foundation Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $226K |
| Total Expenses | $115K |
| Surplus / Deficit | +$110K |
| Total Assets | $2.3M |
| Total Liabilities | $23K |
| Net Assets | $2.3M |
| Operating Margin | 49.0% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 240.8 months |
Financial Health Grade: A
In 2023, Beta Psi Foundation Inc reported a surplus of $110K with revenue exceeding expenses, holds 240.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Beta Psi Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.8% | +0.1% | +17.9% |
| 2022 | -46.7% | +7.4% | -13.1% |
| 2021 | +81.5% | -17.9% | +14.1% |
| 2020 | -23.2% | +10.2% | +12.0% |
| 2019 | +23.7% | +9.7% | +18.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Beta Psi Foundation Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Beta Psi Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $110K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which is a positive sign for donor confidence and resource allocation to programs.
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.
Red Flags
The following concerns were identified during AI analysis of Beta Psi Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown in available data makes precise program efficiency assessment difficult.
Strengths
The following positive indicators were identified for Beta Psi Foundation Inc:
- Consistent asset growth, from $1,262,852 in 2014 to $2,309,355 in 2023, demonstrating strong financial management.
- No reported officer compensation across all filings, indicating a volunteer-driven leadership and efficient use of funds.
- Revenue consistently exceeds expenses in most years, contributing to financial stability and growth.
- Healthy asset-to-expense ratio, with assets significantly higher than annual expenses, suggesting strong financial reserves.
Frequently Asked Questions about Beta Psi Foundation Inc
Is Beta Psi Foundation Inc a legitimate charity?
Beta Psi Foundation Inc (EIN: 201217639) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $880K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Beta Psi Foundation Inc spend its money?
Beta Psi Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Beta Psi Foundation Inc tax-deductible?
Beta Psi Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201217639). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Beta Psi Foundation Inc's spending goes to programs?
Beta Psi Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Beta Psi Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Beta Psi Foundation Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Beta Psi Foundation Inc located?
Beta Psi Foundation Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 201217639. It is classified under NTEE code B82.
How many years of IRS 990 filings does Beta Psi Foundation Inc have?
Beta Psi Foundation Inc has 13 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 $880K in total revenue.
Is Beta Psi Foundation Inc a good charity?
Based on the available IRS 990 data, Beta Psi Foundation Inc appears to be a well-managed charity with strong financial health, consistent asset growth, and no reported executive compensation. These factors generally indicate a responsible use of funds.
How has Beta Psi Foundation Inc's financial health changed over time?
Beta Psi Foundation Inc has shown consistent financial growth, with assets increasing from $1,262,852 in 2014 to $2,309,355 in 2023. Revenue has generally exceeded expenses, contributing to this asset accumulation and indicating a stable financial trajectory.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all available filings, suggesting a volunteer-led model for its executive functions, which is highly efficient in terms of resource allocation.
Filing History
IRS 990 filing history for Beta Psi Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Beta Psi Foundation Inc's revenue has grown by 191.2%, moving from $77K to $226K. Total assets increased by 173.9% over the same period, from $843K to $2.3M. Total functional expenses rose by 34.3%, from $86K to $115K. In its most recent filing year (2023), Beta Psi Foundation Inc reported a surplus of $110K, with revenue exceeding expenses. The organization holds $23K in liabilities against $2.3M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $226K | $115K | $2.3M | $23K | — | — |
| 2022 | $175K | $115K | $2.0M | $7K | — | View 990 |
| 2021 | $328K | $107K | $2.3M | $14K | — | View 990 |
| 2020 | $181K | $130K | $2.0M | $1K | — | View 990 |
| 2019 | $236K | $118K | $1.8M | $3K | — | View 990 |
| 2018 | $191K | $108K | $1.5M | $2K | — | View 990 |
| 2017 | $171K | $107K | $1.5M | $2K | — | View 990 |
| 2016 | $147K | $97K | $1.3M | $2K | — | View 990 |
| 2015 | $158K | $143K | $1.2M | $0 | — | View 990 |
| 2014 | $245K | $91K | $1.3M | $8K | — | View 990 |
| 2013 | $128K | $84K | $1.1M | $1K | — | View 990 |
| 2012 | $103K | $85K | $926K | $0 | — | View 990 |
| 2011 | $77K | $86K | $843K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $226K, expenses of $115K, and assets of $2.3M (revenue +28.8% year-over-year).
- 2022: Revenue of $175K, expenses of $115K, and assets of $2.0M (revenue -46.7% year-over-year).
- 2021: Revenue of $328K, expenses of $107K, and assets of $2.3M (revenue +81.5% year-over-year).
- 2020: Revenue of $181K, expenses of $130K, and assets of $2.0M (revenue -23.2% year-over-year).
- 2019: Revenue of $236K, expenses of $118K, and assets of $1.8M (revenue +23.7% year-over-year).
- 2018: Revenue of $191K, expenses of $108K, and assets of $1.5M (revenue +11.2% year-over-year).
- 2017: Revenue of $171K, expenses of $107K, and assets of $1.5M (revenue +16.6% year-over-year).
- 2016: Revenue of $147K, expenses of $97K, and assets of $1.3M (revenue -7.2% year-over-year).
- 2015: Revenue of $158K, expenses of $143K, and assets of $1.2M (revenue -35.5% year-over-year).
- 2014: Revenue of $245K, expenses of $91K, and assets of $1.3M (revenue +92.4% year-over-year).
- 2013: Revenue of $128K, expenses of $84K, and assets of $1.1M (revenue +24.4% year-over-year).
- 2012: Revenue of $103K, expenses of $85K, and assets of $926K (revenue +32.4% year-over-year).
- 2011: Revenue of $77K, expenses of $86K, and assets of $843K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Beta Psi Foundation Inc:
Data Sources and Methodology
This transparency report for Beta Psi Foundation Inc 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.