Eta Alpha Corporation
EIN: 237440855 · Clemson, SC
Is Eta Alpha Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Eta Alpha Corporation
Eta Alpha Corporation (EIN: 237440855) is a nonprofit organization based in Clemson, SC. The organization reported total revenue of $89K and total assets of $119K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eta Alpha Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eta Alpha Corporation is a micro nonprofit that has been operating for 51 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $89K |
| Total Expenses | $82K |
| Surplus / Deficit | +$7K |
| Total Assets | $119K |
| Total Liabilities | $175K |
| Net Assets | $-56,341 |
| Operating Margin | 7.5% |
| Debt-to-Asset Ratio | 147.4% |
| Months of Reserves | 17.4 months |
Financial Health Grade: A
In 2023, Eta Alpha Corporation reported a surplus of $7K with revenue exceeding expenses, holds 17.4 months of operating reserves (strong position), has a debt-to-asset ratio of 147.4% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Eta Alpha Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.6% | -3.4% | +0.1% |
| 2022 | +30.9% | — | -7.6% |
| 2021 | -24.0% | -100.0% | -6.8% |
| 2020 | +0.5% | -15.2% | -4.2% |
| 2019 | +4.2% | -9.8% | -10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Eta Alpha Corporation 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 Eta Alpha Corporation 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 surplus of $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 147.4%.
Frequently Asked Questions about Eta Alpha Corporation
Is Eta Alpha Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Eta Alpha Corporation (EIN: 237440855) insufficient data. 0 red flags identified, 0 strengths noted.
How does Eta Alpha Corporation spend its money?
Detailed spending breakdown data is not yet available for Eta Alpha Corporation. Check back for updated IRS 990 analysis.
Are donations to Eta Alpha Corporation tax-deductible?
Eta Alpha Corporation is registered as a tax-exempt nonprofit (EIN: 237440855). 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 Eta Alpha Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Eta Alpha Corporation's revenue has grown by 41.2%, moving from $63K to $89K. Total assets decreased by 3.7% over the same period, from $123K to $119K. Total functional expenses rose by 56.2%, from $53K to $82K. In its most recent filing year (2023), Eta Alpha Corporation reported a surplus of $7K, with revenue exceeding expenses. The organization holds $175K in liabilities against $119K in assets (debt-to-asset ratio: 147.4%), resulting in net assets of $-56,341.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $89K | $82K | $119K | $175K | — | — |
| 2022 | $72K | $85K | $119K | $182K | — | — |
| 2021 | $55K | $0 | $128K | $188K | — | — |
| 2020 | $72K | $68K | $138K | $187K | — | View 990 |
| 2019 | $72K | $80K | $144K | $197K | — | View 990 |
| 2018 | $69K | $89K | $161K | $207K | — | View 990 |
| 2017 | $75K | $72K | $155K | $182K | — | View 990 |
| 2016 | $95K | $76K | $163K | $193K | — | View 990 |
| 2015 | $73K | $85K | $155K | $204K | — | View 990 |
| 2014 | $73K | $62K | $169K | $205K | — | View 990 |
| 2013 | $69K | $51K | $167K | $215K | — | View 990 |
| 2012 | $81K | $62K | $159K | $224K | — | View 990 |
| 2011 | $78K | $57K | $136K | $220K | — | View 990 |
| 2010 | $63K | $53K | $123K | $229K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $89K, expenses of $82K, and assets of $119K (revenue +23.6% year-over-year).
- 2022: Revenue of $72K, expenses of $85K, and assets of $119K (revenue +30.9% year-over-year).
- 2021: Revenue of $55K, expenses of $0, and assets of $128K (revenue -24.0% year-over-year).
- 2020: Revenue of $72K, expenses of $68K, and assets of $138K (revenue +0.5% year-over-year).
- 2019: Revenue of $72K, expenses of $80K, and assets of $144K (revenue +4.2% year-over-year).
- 2018: Revenue of $69K, expenses of $89K, and assets of $161K (revenue -8.2% year-over-year).
- 2017: Revenue of $75K, expenses of $72K, and assets of $155K (revenue -20.7% year-over-year).
- 2016: Revenue of $95K, expenses of $76K, and assets of $163K (revenue +30.4% year-over-year).
- 2015: Revenue of $73K, expenses of $85K, and assets of $155K (revenue -0.3% year-over-year).
- 2014: Revenue of $73K, expenses of $62K, and assets of $169K (revenue +6.1% year-over-year).
- 2013: Revenue of $69K, expenses of $51K, and assets of $167K (revenue -15.8% year-over-year).
- 2012: Revenue of $81K, expenses of $62K, and assets of $159K (revenue +4.5% year-over-year).
- 2011: Revenue of $78K, expenses of $57K, and assets of $136K (revenue +24.0% year-over-year).
- 2010: Revenue of $63K, expenses of $53K, and assets of $123K.
Data Sources and Methodology
This transparency report for Eta Alpha Corporation 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.