Chi Phi Fraternity Inc
EIN: 42116079 · Newton L F, MA
| Metric | Value |
|---|---|
| Total Revenue | $581K |
| Total Expenses | $713K |
| Net Assets | $1.2M |
Is Chi Phi Fraternity Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chi Phi Fraternity Inc
Chi Phi Fraternity Inc (EIN: 42116079) is a nonprofit organization based in Newton L F, MA. The organization reported total revenue of $581K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chi Phi Fraternity Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chi Phi Fraternity Inc is a small nonprofit that has been operating for 54 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $581K |
| Total Expenses | $713K |
| Surplus / Deficit | $-131,658 |
| Total Assets | $1.4M |
| Total Liabilities | $247K |
| Net Assets | $1.2M |
| Operating Margin | -22.7% |
| Debt-to-Asset Ratio | 17.5% |
| Months of Reserves | 23.8 months |
Financial Health Grade: B
In 2024, Chi Phi Fraternity Inc reported a deficit of $132K with expenses exceeding revenue, holds 23.8 months of operating reserves (strong position), has a debt-to-asset ratio of 17.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Chi Phi Fraternity Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -21.9% | +16.6% | -10.8% |
| 2023 | -1.1% | +10.1% | +9.8% |
| 2022 | +89.8% | +73.1% | +9.9% |
| 2021 | -28.7% | -9.3% | -61.6% |
| 2020 | +19.5% | -3.2% | +5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chi Phi Fraternity Inc 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 Phi Fraternity Inc 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 $132K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.5%.
Frequently Asked Questions about Chi Phi Fraternity Inc
Is Chi Phi Fraternity Inc a legitimate charity?
Chi Phi Fraternity Inc (EIN: 42116079) is a registered tax-exempt nonprofit based in Massachusetts. It has 14 years of IRS 990 filings on record. Total revenue: $581K. No red flags identified. Financial health grade: B.
How does Chi Phi Fraternity Inc spend its money?
Chi Phi Fraternity Inc reported $581K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chi Phi Fraternity Inc tax-deductible?
Chi Phi Fraternity Inc is registered as a tax-exempt nonprofit (EIN: 42116079). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chi Phi Fraternity Inc located?
Chi Phi Fraternity Inc is headquartered in Newton L F, Massachusetts and files with the IRS under EIN 42116079.
How many years of IRS 990 filings does Chi Phi Fraternity Inc have?
Chi Phi Fraternity Inc has 14 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 $581K in total revenue.
Filing History
IRS 990 filing history for Chi Phi Fraternity Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Chi Phi Fraternity Inc's revenue has grown by 21.4%, moving from $478K to $581K. Total assets decreased by 47.5% over the same period, from $2.7M to $1.4M. Total functional expenses rose by 132.2%, from $307K to $713K. In its most recent filing year (2024), Chi Phi Fraternity Inc reported a deficit of $132K, with expenses exceeding revenue. The organization holds $247K in liabilities against $1.4M in assets (debt-to-asset ratio: 17.5%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $581K | $713K | $1.4M | $247K | — | View 990 |
| 2023 | $744K | $611K | $1.6M | $295K | — | View 990 |
| 2022 | $752K | $555K | $1.4M | $289K | — | View 990 |
| 2021 | $396K | $321K | $1.3M | $341K | — | View 990 |
| 2020 | $555K | $354K | $3.4M | $331K | — | View 990 |
| 2019 | $465K | $366K | $3.2M | $351K | — | View 990 |
| 2018 | $424K | $348K | $3.2M | $371K | — | View 990 |
| 2017 | $370K | $370K | $3.1M | $390K | — | View 990 |
| 2016 | $388K | $381K | $3.1M | $408K | — | View 990 |
| 2015 | $405K | $372K | $3.1M | $426K | — | View 990 |
| 2014 | $509K | $334K | $3.1M | $443K | — | View 990 |
| 2013 | $501K | $336K | $3.0M | $460K | — | View 990 |
| 2012 | $464K | $315K | $2.8M | $476K | — | View 990 |
| 2011 | $478K | $307K | $2.7M | $492K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $581K, expenses of $713K, and assets of $1.4M (revenue -21.9% year-over-year).
- 2023: Revenue of $744K, expenses of $611K, and assets of $1.6M (revenue -1.1% year-over-year).
- 2022: Revenue of $752K, expenses of $555K, and assets of $1.4M (revenue +89.8% year-over-year).
- 2021: Revenue of $396K, expenses of $321K, and assets of $1.3M (revenue -28.7% year-over-year).
- 2020: Revenue of $555K, expenses of $354K, and assets of $3.4M (revenue +19.5% year-over-year).
- 2019: Revenue of $465K, expenses of $366K, and assets of $3.2M (revenue +9.5% year-over-year).
- 2018: Revenue of $424K, expenses of $348K, and assets of $3.2M (revenue +14.7% year-over-year).
- 2017: Revenue of $370K, expenses of $370K, and assets of $3.1M (revenue -4.7% year-over-year).
- 2016: Revenue of $388K, expenses of $381K, and assets of $3.1M (revenue -4.3% year-over-year).
- 2015: Revenue of $405K, expenses of $372K, and assets of $3.1M (revenue -20.3% year-over-year).
- 2014: Revenue of $509K, expenses of $334K, and assets of $3.1M (revenue +1.5% year-over-year).
- 2013: Revenue of $501K, expenses of $336K, and assets of $3.0M (revenue +8.0% year-over-year).
- 2012: Revenue of $464K, expenses of $315K, and assets of $2.8M (revenue -3.0% year-over-year).
- 2011: Revenue of $478K, expenses of $307K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chi Phi Fraternity Inc:
Data Sources and Methodology
This transparency report for Chi Phi Fraternity 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.