Lambda Chi Alpha Educational Foundation Inc
Lambda Chi Alpha Educational Foundation shows strong asset growth and no reported officer compensation.
EIN: 136266432 · Carmel, IN · NTEE: B83I · Updated: 2026-03-28
Is Lambda Chi Alpha Educational Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lambda Chi Alpha Educational Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lambda Chi Alpha Educational Foundation Inc
Lambda Chi Alpha Educational Foundation Inc (EIN: 136266432) is a nonprofit organization based in Carmel, IN, classified under NTEE code B83I. The organization reported total revenue of $9.7M and total assets of $20.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lambda Chi Alpha Educational Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lambda Chi Alpha Educational Foundation Inc is a mid-size nonprofit that has been operating for 71 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$536K |
| Total Assets | $17.5M |
| Total Liabilities | $86K |
| Net Assets | $17.4M |
| Operating Margin | 24.3% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 125.9 months |
Financial Health Grade: A
In 2023, Lambda Chi Alpha Educational Foundation Inc reported a surplus of $536K with revenue exceeding expenses, holds 125.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Lambda Chi Alpha Educational Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.1% | -50.7% | +7.4% |
| 2023 | +151.3% | +79.3% | +19.9% |
| 2022 | -56.5% | +5.1% | -14.3% |
| 2021 | +196.2% | -25.8% | +22.8% |
| 2020 | -44.7% | -17.2% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1955 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lambda Chi Alpha Educational Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Lambda Chi Alpha Educational Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $536K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all provided filings, indicating that executive leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly favorable for donor trust and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Lambda Chi Alpha Educational Foundation Inc:
- Strong asset growth, increasing from $9.2M in 2015 to over $20.8M currently.
- Consistent reporting of 0% officer compensation, indicating high efficiency and transparency.
- Generally positive net income in most filing periods, demonstrating sound financial management.
- Robust latest revenue of $9,678,903, showing strong fundraising capacity.
- Low liabilities relative to assets, indicating financial stability (e.g., $86,198 liabilities vs. $17,526,533 assets in 202312).
Frequently Asked Questions about Lambda Chi Alpha Educational Foundation Inc
Is Lambda Chi Alpha Educational Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lambda Chi Alpha Educational Foundation Inc (EIN: 136266432) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Lambda Chi Alpha Educational Foundation Inc spend its money?
Lambda Chi Alpha Educational Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lambda Chi Alpha Educational Foundation Inc tax-deductible?
Lambda Chi Alpha Educational Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136266432). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lambda Chi Alpha Educational Foundation Inc a good charity?
Based on the provided data, the foundation appears to be a good charity. It demonstrates strong financial health with growing assets, consistent revenue generation, and notably, no reported officer compensation, suggesting a high proportion of funds go directly to its mission.
How has the organization's financial health changed over the last decade?
The organization's financial health has significantly improved over the last decade, with assets growing from $9,204,372 in 2015 to $20,813,654 currently, indicating strong financial management and growth.
What is the trend in revenue and expenses?
Revenue and expenses fluctuate year-to-year, but the organization generally maintains a positive net income, with revenue often exceeding expenses, contributing to asset growth. For example, in 202312, revenue was $2,206,094 against expenses of $1,669,894.
Does the organization spend efficiently?
The absence of reported officer compensation across all filings strongly suggests high spending efficiency, as a significant portion of funds is not allocated to executive salaries.
Filing History
IRS 990 filing history for Lambda Chi Alpha Educational Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Lambda Chi Alpha Educational Foundation Inc's revenue has grown by 18.6%, moving from $1.9M to $2.2M. Total assets increased by 240.6% over the same period, from $5.1M to $17.5M. Total functional expenses rose by 10.1%, from $1.5M to $1.7M. In its most recent filing year (2023), Lambda Chi Alpha Educational Foundation Inc reported a surplus of $536K, with revenue exceeding expenses. The organization holds $86K in liabilities against $17.5M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $17.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $1.7M | $17.5M | $86K | — | View 990 |
| 2023 | $5.0M | $3.4M | $16.3M | $177K | — | — |
| 2022 | $2.0M | $1.9M | $13.6M | $100K | — | View 990 |
| 2021 | $4.6M | $1.8M | $15.9M | $132K | — | View 990 |
| 2020 | $1.6M | $2.4M | $12.9M | $512K | — | View 990 |
| 2019 | $2.8M | $2.9M | $13.2M | $73K | — | View 990 |
| 2018 | $3.5M | $2.3M | $13.0M | $46K | — | View 990 |
| 2017 | $5.0M | $2.4M | $11.5M | $9K | — | View 990 |
| 2016 | $2.0M | $1.7M | $8.9M | $166K | — | View 990 |
| 2015 | $2.9M | $2.0M | $9.2M | $99K | — | View 990 |
| 2014 | $1.6M | $1.8M | $8.4M | $152K | — | View 990 |
| 2013 | $2.8M | $1.8M | $7.6M | $48K | — | View 990 |
| 2012 | $2.5M | $1.6M | $5.9M | $24K | — | View 990 |
| 2011 | $1.9M | $1.5M | $5.1M | $103K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $1.7M, and assets of $17.5M (revenue -56.1% year-over-year).
- 2023: Revenue of $5.0M, expenses of $3.4M, and assets of $16.3M (revenue +151.3% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.9M, and assets of $13.6M (revenue -56.5% year-over-year).
- 2021: Revenue of $4.6M, expenses of $1.8M, and assets of $15.9M (revenue +196.2% year-over-year).
- 2020: Revenue of $1.6M, expenses of $2.4M, and assets of $12.9M (revenue -44.7% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.9M, and assets of $13.2M (revenue -20.4% year-over-year).
- 2018: Revenue of $3.5M, expenses of $2.3M, and assets of $13.0M (revenue -28.9% year-over-year).
- 2017: Revenue of $5.0M, expenses of $2.4M, and assets of $11.5M (revenue +143.8% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.7M, and assets of $8.9M (revenue -30.7% year-over-year).
- 2015: Revenue of $2.9M, expenses of $2.0M, and assets of $9.2M (revenue +87.7% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.8M, and assets of $8.4M (revenue -44.5% year-over-year).
- 2013: Revenue of $2.8M, expenses of $1.8M, and assets of $7.6M (revenue +11.0% year-over-year).
- 2012: Revenue of $2.5M, expenses of $1.6M, and assets of $5.9M (revenue +36.2% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.5M, and assets of $5.1M.
Data Sources and Methodology
This transparency report for Lambda Chi Alpha Educational Foundation 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.