Chi Psi Fraternity
EIN: 410704202 · Minneapolis, MN
| Metric | Value |
|---|---|
| Total Revenue | $344K |
| Total Expenses | $399K |
| Net Assets | $-577 |
Is Chi Psi 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 Psi Fraternity
Chi Psi Fraternity (EIN: 410704202) is a nonprofit organization based in Minneapolis, MN. The organization reported total revenue of $344K and total assets of $74K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chi Psi Fraternity's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chi Psi Fraternity is a small nonprofit that has been operating for 79 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $373K |
| Total Expenses | $399K |
| Surplus / Deficit | $-26,280 |
| Total Assets | $87K |
| Total Liabilities | $88K |
| Net Assets | $-577 |
| Operating Margin | -7.1% |
| Debt-to-Asset Ratio | 100.7% |
| Months of Reserves | 2.6 months |
Financial Health Grade: D
In 2023, Chi Psi Fraternity reported a deficit of $26K with expenses exceeding revenue, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 100.7% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Chi Psi Fraternity's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.4% | +12.5% | -49.5% |
| 2022 | +20.8% | +18.9% | +159.7% |
| 2021 | -11.6% | +1.6% | -27.0% |
| 2020 | -5.9% | -9.6% | +71.1% |
| 2019 | +4.6% | +0.5% | -19.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1947 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chi Psi 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 Psi 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 100.7%.
Frequently Asked Questions about Chi Psi Fraternity
Is Chi Psi Fraternity a legitimate charity?
Chi Psi Fraternity (EIN: 410704202) is a registered tax-exempt nonprofit based in Minnesota. It has 12 years of IRS 990 filings on record. Total revenue: $344K. No red flags identified. Financial health grade: D.
How does Chi Psi Fraternity spend its money?
Chi Psi Fraternity reported $344K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chi Psi Fraternity tax-deductible?
Chi Psi Fraternity is registered as a tax-exempt nonprofit (EIN: 410704202). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chi Psi Fraternity located?
Chi Psi Fraternity is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 410704202.
How many years of IRS 990 filings does Chi Psi Fraternity have?
Chi Psi Fraternity has 12 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 $344K in total revenue.
Filing History
IRS 990 filing history for Chi Psi Fraternity showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Chi Psi Fraternity's revenue has grown by 231.2%, moving from $112K to $373K. Total assets increased by 1531.5% over the same period, from $5K to $87K. Total functional expenses rose by 264%, from $110K to $399K. In its most recent filing year (2023), Chi Psi Fraternity reported a deficit of $26K, with expenses exceeding revenue. The organization holds $88K in liabilities against $87K in assets (debt-to-asset ratio: 100.7%), resulting in net assets of $-577.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $373K | $399K | $87K | $88K | — | View 990 |
| 2022 | $344K | $355K | $173K | $147K | — | View 990 |
| 2021 | $284K | $298K | $67K | $30K | — | View 990 |
| 2020 | $322K | $293K | $91K | $41K | — | — |
| 2019 | $342K | $325K | $53K | $31K | — | View 990 |
| 2018 | $327K | $323K | $66K | $61K | — | View 990 |
| 2017 | $277K | $300K | $32K | $30K | — | View 990 |
| 2015 | $228K | $229K | $48K | $38K | — | View 990 |
| 2014 | $210K | $231K | $50K | $39K | — | View 990 |
| 2013 | $154K | $148K | $11K | $0 | — | View 990 |
| 2012 | $85K | $89K | $1K | $0 | — | View 990 |
| 2011 | $112K | $110K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $373K, expenses of $399K, and assets of $87K (revenue +8.4% year-over-year).
- 2022: Revenue of $344K, expenses of $355K, and assets of $173K (revenue +20.8% year-over-year).
- 2021: Revenue of $284K, expenses of $298K, and assets of $67K (revenue -11.6% year-over-year).
- 2020: Revenue of $322K, expenses of $293K, and assets of $91K (revenue -5.9% year-over-year).
- 2019: Revenue of $342K, expenses of $325K, and assets of $53K (revenue +4.6% year-over-year).
- 2018: Revenue of $327K, expenses of $323K, and assets of $66K (revenue +18.0% year-over-year).
- 2017: Revenue of $277K, expenses of $300K, and assets of $32K (revenue +21.5% year-over-year).
- 2015: Revenue of $228K, expenses of $229K, and assets of $48K (revenue +8.7% year-over-year).
- 2014: Revenue of $210K, expenses of $231K, and assets of $50K (revenue +35.8% year-over-year).
- 2013: Revenue of $154K, expenses of $148K, and assets of $11K (revenue +81.8% year-over-year).
- 2012: Revenue of $85K, expenses of $89K, and assets of $1K (revenue -24.6% year-over-year).
- 2011: Revenue of $112K, expenses of $110K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chi Psi Fraternity:
Data Sources and Methodology
This transparency report for Chi Psi 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.