Lambda Chi Alpha Fraternity Inc

Lambda Chi Alpha Fraternity Inc shows fluctuating revenue and expenses, with no reported officer compensation.

EIN: 205486765 · Indianola, IA · Updated: 2026-03-28

$23KRevenue

$77KAssets

65/100Mission Score (Good)

Is Lambda Chi Alpha Fraternity Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Lambda Chi Alpha Fraternity Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Lambda Chi Alpha Fraternity Inc

Lambda Chi Alpha Fraternity Inc (EIN: 205486765) is a nonprofit organization based in Indianola, IA. The organization reported total revenue of $23K and total assets of $77K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lambda Chi Alpha Fraternity Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Lambda Chi Alpha Fraternity Inc, with a latest reported revenue of $23,352 and assets of $77,481, appears to be a small organization with fluctuating financial performance over the past decade. While the organization consistently reports zero officer compensation, which can be a positive indicator of volunteer-driven leadership, its revenue has seen significant swings, from a high of $34,684 in 2018 to a low of $3,992 in 2022. The organization's expenses have also varied, sometimes exceeding revenue, as seen in 2022 ($3,992 revenue vs. $6,343 expenses) and 2019 ($19,797 revenue vs. $24,795 expenses). This suggests potential challenges in consistent financial management or reliance on reserves during certain periods. Given the limited financial details provided beyond revenue, expenses, and assets, a comprehensive assessment of spending efficiency and program impact is difficult without access to a detailed breakdown of expenses.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Lambda Chi Alpha Fraternity Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Lambda Chi Alpha Fraternity Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based and not drawing salaries from the organization's funds.

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.

Red Flags

The following concerns were identified during AI analysis of Lambda Chi Alpha Fraternity Inc's IRS 990 filings:

Inconsistent revenue generation, with significant drops in certain years (e.g., $34,684 in 2018 to $3,992 in 2022).
Expenses exceeding revenue in multiple periods (e.g., 2022, 2019, 2016, 2013), indicating potential operational deficits.

Strengths

The following positive indicators were identified for Lambda Chi Alpha Fraternity Inc:

Consistent reporting of 0% officer compensation, suggesting a volunteer-driven leadership model.
Maintained a stable asset base over the decade despite revenue and expense fluctuations.

Frequently Asked Questions about Lambda Chi Alpha Fraternity Inc

Is Lambda Chi Alpha Fraternity Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Lambda Chi Alpha Fraternity Inc (EIN: 205486765) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.

How does Lambda Chi Alpha Fraternity Inc spend its money?

Lambda Chi Alpha Fraternity Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Lambda Chi Alpha Fraternity Inc tax-deductible?

Lambda Chi Alpha Fraternity Inc is registered as a tax-exempt nonprofit (EIN: 205486765). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Lambda Chi Alpha Fraternity Inc financially stable?

The organization's financial stability appears moderate, with revenue and expenses fluctuating significantly over the past decade. While assets have remained relatively stable, periods where expenses exceed revenue (e.g., 2022, 2019) suggest potential reliance on reserves or inconsistent income streams.

What is the primary use of the organization's funds?

Based on the consistent reporting of 0% officer compensation, it's highly probable that the majority of funds are directed towards operational costs and program activities, though a detailed expense breakdown is not available in the provided data.

How does the organization's size compare to its revenue?

With assets around $77,481 and recent annual revenues ranging from $3,992 to $23,352, Lambda Chi Alpha Fraternity Inc is a relatively small organization. Its asset base is modest in relation to its revenue fluctuations.

Filing History

IRS 990 filing history for Lambda Chi Alpha Fraternity Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2013–2022), Lambda Chi Alpha Fraternity Inc's revenue has declined by 68.3%, moving from $13K to $4K. Total assets decreased by 0.6% over the same period, from $77K to $77K. Total functional expenses fell by 62.2%, from $17K to $6K. In its most recent filing year (2022), Lambda Chi Alpha Fraternity Inc reported a deficit of $2K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$4K	$6K	$77K	$0	—	View 990
2021	$14K	$6K	$100K	$0	—	—
2020	$18K	$6K	$98K	$0	—	View 990
2019	$20K	$25K	$78K	$97	—	View 990
2018	$35K	$34K	$77K	$0	—	View 990
2017	$31K	$22K	$85K	$0	—	View 990
2016	$29K	$35K	$75K	$0	—	View 990
2015	$32K	$28K	$88K	$0	—	View 990
2014	$22K	$16K	$83K	$0	—	View 990
2013	$13K	$17K	$77K	$0	—	View 990

Year-by-Year Financial Summary

2022: Revenue of $4K, expenses of $6K, and assets of $77K (revenue -71.8% year-over-year).
2021: Revenue of $14K, expenses of $6K, and assets of $100K (revenue -19.4% year-over-year).
2020: Revenue of $18K, expenses of $6K, and assets of $98K (revenue -11.3% year-over-year).
2019: Revenue of $20K, expenses of $25K, and assets of $78K (revenue -42.9% year-over-year).
2018: Revenue of $35K, expenses of $34K, and assets of $77K (revenue +10.7% year-over-year).
2017: Revenue of $31K, expenses of $22K, and assets of $85K (revenue +7.4% year-over-year).
2016: Revenue of $29K, expenses of $35K, and assets of $75K (revenue -9.7% year-over-year).
2015: Revenue of $32K, expenses of $28K, and assets of $88K (revenue +45.8% year-over-year).
2014: Revenue of $22K, expenses of $16K, and assets of $83K (revenue +75.8% year-over-year).
2013: Revenue of $13K, expenses of $17K, and assets of $77K.

Data Sources and Methodology

This transparency report for Lambda Chi Alpha 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.