Epsilon Nu Chapter Of Omega Psi Phi
EIN: 570786071 · Spartanburg, SC
| Metric | Value |
|---|---|
| Total Revenue | $35K |
| Total Expenses | $33K |
| Net Assets | $59K |
Is Epsilon Nu Chapter Of Omega Psi Phi Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Epsilon Nu Chapter Of Omega Psi Phi
Epsilon Nu Chapter Of Omega Psi Phi (EIN: 570786071) is a nonprofit organization based in Spartanburg, SC. The organization reported total revenue of $35K and total assets of $80K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Epsilon Nu Chapter Of Omega Psi Phi's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Epsilon Nu Chapter Of Omega Psi Phi is a micro nonprofit that has been operating for 29 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -5.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $37K |
| Total Expenses | $33K |
| Surplus / Deficit | +$3K |
| Total Assets | $94K |
| Total Liabilities | $35K |
| Net Assets | $59K |
| Operating Margin | 8.7% |
| Debt-to-Asset Ratio | 37.3% |
| Months of Reserves | 33.6 months |
Financial Health Grade: A
In 2022, Epsilon Nu Chapter Of Omega Psi Phi reported a surplus of $3K with revenue exceeding expenses, holds 33.6 months of operating reserves (strong position), has a debt-to-asset ratio of 37.3% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Epsilon Nu Chapter Of Omega Psi Phi's revenue has declined at a compound annual growth rate (CAGR) of -5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -37.3% | -30.8% | +12.1% |
| 2021 | +46.0% | +59.2% | +4.9% |
| 2020 | -16.5% | -31.8% | +15.2% |
| 2019 | -7.8% | -5.5% | -2.9% |
| 2018 | +3.9% | +1.2% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Epsilon Nu Chapter Of Omega Psi Phi 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 Epsilon Nu Chapter Of Omega Psi Phi 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.3%.
Frequently Asked Questions about Epsilon Nu Chapter Of Omega Psi Phi
Is Epsilon Nu Chapter Of Omega Psi Phi a legitimate charity?
Epsilon Nu Chapter Of Omega Psi Phi (EIN: 570786071) is a registered tax-exempt nonprofit based in South Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $35K. No red flags identified. Financial health grade: A.
How does Epsilon Nu Chapter Of Omega Psi Phi spend its money?
Epsilon Nu Chapter Of Omega Psi Phi reported $35K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Epsilon Nu Chapter Of Omega Psi Phi tax-deductible?
Epsilon Nu Chapter Of Omega Psi Phi is registered as a tax-exempt nonprofit (EIN: 570786071). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Epsilon Nu Chapter Of Omega Psi Phi located?
Epsilon Nu Chapter Of Omega Psi Phi is headquartered in Spartanburg, South Carolina and files with the IRS under EIN 570786071.
How many years of IRS 990 filings does Epsilon Nu Chapter Of Omega Psi Phi have?
Epsilon Nu Chapter Of Omega Psi Phi 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 $35K in total revenue.
Filing History
IRS 990 filing history for Epsilon Nu Chapter Of Omega Psi Phi showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Epsilon Nu Chapter Of Omega Psi Phi's revenue has declined by 46.7%, moving from $69K to $37K. Total assets increased by 7.3% over the same period, from $87K to $94K. Total functional expenses fell by 50.1%, from $67K to $33K. In its most recent filing year (2022), Epsilon Nu Chapter Of Omega Psi Phi reported a surplus of $3K, with revenue exceeding expenses. The organization holds $35K in liabilities against $94K in assets (debt-to-asset ratio: 37.3%), resulting in net assets of $59K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $37K | $33K | $94K | $35K | — | View 990 |
| 2021 | $58K | $48K | $83K | $28K | — | View 990 |
| 2020 | $40K | $30K | $80K | $34K | — | — |
| 2019 | $48K | $45K | $69K | $33K | — | View 990 |
| 2018 | $52K | $47K | $71K | $39K | — | View 990 |
| 2017 | $50K | $47K | $73K | $45K | — | — |
| 2016 | $56K | $55K | $76K | $50K | — | View 990 |
| 2015 | $41K | $42K | $80K | $53K | — | View 990 |
| 2014 | $30K | $32K | $81K | $53K | — | View 990 |
| 2013 | $38K | $55K | $61K | $31K | — | View 990 |
| 2012 | $47K | $54K | $77K | $29K | — | View 990 |
| 2011 | $69K | $67K | $87K | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $37K, expenses of $33K, and assets of $94K (revenue -37.3% year-over-year).
- 2021: Revenue of $58K, expenses of $48K, and assets of $83K (revenue +46.0% year-over-year).
- 2020: Revenue of $40K, expenses of $30K, and assets of $80K (revenue -16.5% year-over-year).
- 2019: Revenue of $48K, expenses of $45K, and assets of $69K (revenue -7.8% year-over-year).
- 2018: Revenue of $52K, expenses of $47K, and assets of $71K (revenue +3.9% year-over-year).
- 2017: Revenue of $50K, expenses of $47K, and assets of $73K (revenue -10.8% year-over-year).
- 2016: Revenue of $56K, expenses of $55K, and assets of $76K (revenue +35.8% year-over-year).
- 2015: Revenue of $41K, expenses of $42K, and assets of $80K (revenue +36.0% year-over-year).
- 2014: Revenue of $30K, expenses of $32K, and assets of $81K (revenue -19.1% year-over-year).
- 2013: Revenue of $38K, expenses of $55K, and assets of $61K (revenue -19.8% year-over-year).
- 2012: Revenue of $47K, expenses of $54K, and assets of $77K (revenue -31.8% year-over-year).
- 2011: Revenue of $69K, expenses of $67K, and assets of $87K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Epsilon Nu Chapter Of Omega Psi Phi:
Data Sources and Methodology
This transparency report for Epsilon Nu Chapter Of Omega Psi Phi 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.