Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc
EIN: 861831306 · Baton Rouge, LA · NTEE: Y40
| Metric | Value |
|---|---|
| Total Revenue | $116K |
| Total Expenses | $93K |
| Net Assets | $76K |
Is Lambda Alpha Chapter Of Omega Psi 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 Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc
Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc (EIN: 861831306) is a nonprofit organization based in Baton Rouge, LA, classified under NTEE code Y40. The organization reported total revenue of $116K and total assets of $40K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc is a small nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 19.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $113K |
| Total Expenses | $93K |
| Surplus / Deficit | +$20K |
| Total Assets | $76K |
| Net Assets | $76K |
| Operating Margin | 17.6% |
| Months of Reserves | 9.7 months |
Financial Health Grade: A
In 2023, Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc reported a surplus of $20K with revenue exceeding expenses, holds 9.7 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2021–2023), Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +43.2% | +542.7% | +8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lambda Alpha Chapter Of Omega Psi 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 Lambda Alpha Chapter Of Omega Psi 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
Frequently Asked Questions about Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc
Is Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc (EIN: 861831306) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc spend its money?
Detailed spending breakdown data is not yet available for Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc. Check back for updated IRS 990 analysis.
Are donations to Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc tax-deductible?
Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc is registered as a tax-exempt nonprofit (EIN: 861831306). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc located?
Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc is headquartered in Baton Rouge, Louisiana and files with the IRS under EIN 861831306. It is classified under NTEE code Y40.
How many years of IRS 990 filings does Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc have?
Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $116K in total revenue.
Filing History
IRS 990 filing history for Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2021–2023), Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc's revenue has grown by 43.2%, moving from $79K to $113K. Total assets increased by 8.1% over the same period, from $70K to $76K. Total functional expenses rose by 542.7%, from $15K to $93K. In its most recent filing year (2023), Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc reported a surplus of $20K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $113K | $93K | $76K | $0 | — | View 990 |
| 2021 | $79K | $15K | $70K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lambda Alpha Chapter Of Omega Psi Phi Fraternity Inc:
Data Sources and Methodology
This transparency report for Lambda Alpha Chapter Of Omega Psi 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.