Chi Omega Fraternity
EIN: 237144140 · Clemson, SC
Is Chi Omega Fraternity Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chi Omega Fraternity
Chi Omega Fraternity (EIN: 237144140) is a nonprofit organization based in Clemson, SC. The organization reported total revenue of $337K and total assets of $337K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chi Omega Fraternity's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chi Omega Fraternity is a small nonprofit that has been operating for 86 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $337K |
| Total Expenses | $354K |
| Surplus / Deficit | $-17,476 |
| Total Assets | $337K |
| Total Liabilities | $180K |
| Net Assets | $157K |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 53.5% |
| Months of Reserves | 11.4 months |
Financial Health Grade: C
In 2024, Chi Omega Fraternity reported a deficit of $17K with expenses exceeding revenue, holds 11.4 months of operating reserves (strong position), has a debt-to-asset ratio of 53.5% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Chi Omega Fraternity's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.8% | +50.9% | +5.1% |
| 2023 | +5.8% | -14.2% | +62.2% |
| 2022 | +36.8% | +18.4% | +46.1% |
| 2021 | +4.3% | +8.3% | +8.8% |
| 2020 | +20.1% | +1.7% | +23.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1940 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chi Omega Fraternity has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chi Omega Fraternity with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 53.5%.
Frequently Asked Questions about Chi Omega Fraternity
Is Chi Omega Fraternity a legitimate charity?
Based on AI analysis of IRS 990 filings, Chi Omega Fraternity (EIN: 237144140) insufficient data. 0 red flags identified, 0 strengths noted.
How does Chi Omega Fraternity spend its money?
Detailed spending breakdown data is not yet available for Chi Omega Fraternity. Check back for updated IRS 990 analysis.
Are donations to Chi Omega Fraternity tax-deductible?
Chi Omega Fraternity is registered as a tax-exempt nonprofit (EIN: 237144140). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Chi Omega Fraternity showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Chi Omega Fraternity's revenue has grown by 139.5%, moving from $141K to $337K. Total assets increased by 657.8% over the same period, from $44K to $337K. Total functional expenses rose by 194.4%, from $120K to $354K. In its most recent filing year (2024), Chi Omega Fraternity reported a deficit of $17K, with expenses exceeding revenue. The organization holds $180K in liabilities against $337K in assets (debt-to-asset ratio: 53.5%), resulting in net assets of $157K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $337K | $354K | $337K | $180K | — | — |
| 2023 | $334K | $235K | $320K | $146K | — | — |
| 2022 | $316K | $274K | $197K | $123K | — | View 990 |
| 2021 | $231K | $231K | $135K | $102K | — | View 990 |
| 2020 | $221K | $213K | $124K | $91K | — | View 990 |
| 2019 | $184K | $210K | $100K | $75K | — | View 990 |
| 2018 | $210K | $225K | $83K | $33K | — | View 990 |
| 2017 | $201K | $172K | $166K | $23K | — | — |
| 2016 | $193K | $186K | $131K | $17K | — | View 990 |
| 2015 | $187K | $162K | $119K | $11K | — | View 990 |
| 2014 | $186K | $169K | $92K | $10K | — | View 990 |
| 2013 | $170K | $158K | $79K | $14K | — | View 990 |
| 2012 | $168K | $159K | $53K | $0 | — | View 990 |
| 2011 | $141K | $120K | $44K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $337K, expenses of $354K, and assets of $337K (revenue +0.8% year-over-year).
- 2023: Revenue of $334K, expenses of $235K, and assets of $320K (revenue +5.8% year-over-year).
- 2022: Revenue of $316K, expenses of $274K, and assets of $197K (revenue +36.8% year-over-year).
- 2021: Revenue of $231K, expenses of $231K, and assets of $135K (revenue +4.3% year-over-year).
- 2020: Revenue of $221K, expenses of $213K, and assets of $124K (revenue +20.1% year-over-year).
- 2019: Revenue of $184K, expenses of $210K, and assets of $100K (revenue -12.1% year-over-year).
- 2018: Revenue of $210K, expenses of $225K, and assets of $83K (revenue +4.5% year-over-year).
- 2017: Revenue of $201K, expenses of $172K, and assets of $166K (revenue +4.3% year-over-year).
- 2016: Revenue of $193K, expenses of $186K, and assets of $131K (revenue +2.8% year-over-year).
- 2015: Revenue of $187K, expenses of $162K, and assets of $119K (revenue +0.9% year-over-year).
- 2014: Revenue of $186K, expenses of $169K, and assets of $92K (revenue +9.5% year-over-year).
- 2013: Revenue of $170K, expenses of $158K, and assets of $79K (revenue +1.3% year-over-year).
- 2012: Revenue of $168K, expenses of $159K, and assets of $53K (revenue +19.2% year-over-year).
- 2011: Revenue of $141K, expenses of $120K, and assets of $44K.
Data Sources and Methodology
This transparency report for Chi Omega 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.