Phi Beta Sigma Fraternity Inc
Phi Beta Sigma Fraternity Inc. shows strong revenue growth and asset accumulation, with no reported officer compensation.
EIN: 111709989 · Washington, DC · Updated: 2026-03-28
Is Phi Beta Sigma Fraternity Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phi Beta Sigma Fraternity Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Phi Beta Sigma Fraternity Inc
Phi Beta Sigma Fraternity Inc (EIN: 111709989) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $5.4M and total assets of $14.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phi Beta Sigma Fraternity Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phi Beta Sigma Fraternity Inc is a mid-size nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.7M |
| Total Expenses | $6.1M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $11.0M |
| Total Liabilities | $4.0M |
| Net Assets | $7.0M |
| Operating Margin | 20.6% |
| Debt-to-Asset Ratio | 36.2% |
| Months of Reserves | 21.5 months |
Financial Health Grade: A
In 2023, Phi Beta Sigma Fraternity Inc reported a surplus of $1.6M with revenue exceeding expenses, holds 21.5 months of operating reserves (strong position), has a debt-to-asset ratio of 36.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Phi Beta Sigma Fraternity Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +76.5% | +90.7% | +0.8% |
| 2022 | -23.1% | -30.6% | +36.9% |
| 2021 | +55.9% | +89.5% | +9.5% |
| 2020 | -23.2% | -35.0% | +44.1% |
| 2019 | +68.2% | +64.0% | +19.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
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 Phi Beta Sigma Fraternity Inc with a Mission Score of 85 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Phi Beta Sigma Fraternity Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.2%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation across all periods provided, suggesting that the organization's leadership may be entirely volunteer-based or that compensation is categorized differently, which is unusual for an organization of its size with revenues exceeding $7 million.
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 Phi Beta Sigma Fraternity Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, hindering full efficiency assessment.
- Consistent 0% officer compensation reported, which is unusual for an organization of this revenue size and may obscure actual compensation practices if reported elsewhere.
Strengths
The following positive indicators were identified for Phi Beta Sigma Fraternity Inc:
- Strong and consistent revenue growth, from $2,885,143 in 201512 to $7,721,840 in 202312.
- Significant asset accumulation, increasing from $3,062,707 in 201512 to $10,983,848 in 202312.
- Generally positive net income in recent years, indicating financial sustainability (e.g., $1,589,058 in 202312).
- Consistent filing of IRS Form 990s over 13 periods, demonstrating commitment to public disclosure.
Frequently Asked Questions about Phi Beta Sigma Fraternity Inc
Is Phi Beta Sigma Fraternity Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Phi Beta Sigma Fraternity Inc (EIN: 111709989) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Phi Beta Sigma Fraternity Inc spend its money?
Phi Beta Sigma Fraternity Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Phi Beta Sigma Fraternity Inc tax-deductible?
Phi Beta Sigma Fraternity Inc is registered as a tax-exempt nonprofit (EIN: 111709989). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Phi Beta Sigma Fraternity Inc. financially stable?
Yes, the organization appears financially stable, demonstrating consistent revenue growth from $2,885,143 in 201512 to $7,721,840 in 202312, and a significant increase in assets from $3,062,707 to $10,983,848 over the same period.
How has the organization's asset base changed over time?
Phi Beta Sigma Fraternity Inc. has substantially grown its assets, increasing from $3,062,707 in 201512 to $10,983,848 in 202312, indicating strong financial management and accumulation.
What is the trend in the organization's revenue and expenses?
Revenue has generally trended upwards, with a notable increase from $2,825,802 in 201812 to $7,721,840 in 202312. Expenses have also increased but generally remained below revenue, leading to positive net income in most recent years, such as $1,589,058 in 202312 ($7,721,840 revenue - $6,132,782 expenses).
Is executive compensation a concern for this organization?
The filings consistently report 0% officer compensation, which, while seemingly positive, could indicate that compensation is reported under other categories or that the leadership is entirely volunteer, warranting further investigation for complete transparency.
Filing History
IRS 990 filing history for Phi Beta Sigma Fraternity Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Phi Beta Sigma Fraternity Inc's revenue has grown by 216%, moving from $2.4M to $7.7M. Total assets increased by 382.7% over the same period, from $2.3M to $11.0M. Total functional expenses rose by 174.9%, from $2.2M to $6.1M. In its most recent filing year (2023), Phi Beta Sigma Fraternity Inc reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $4.0M in liabilities against $11.0M in assets (debt-to-asset ratio: 36.2%), resulting in net assets of $7.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.7M | $6.1M | $11.0M | $4.0M | — | — |
| 2022 | $4.4M | $3.2M | $10.9M | $5.5M | — | View 990 |
| 2021 | $5.7M | $4.6M | $8.0M | $3.7M | — | View 990 |
| 2020 | $3.7M | $2.4M | $7.3M | $4.0M | — | View 990 |
| 2019 | $4.8M | $3.8M | $5.0M | $3.0M | — | — |
| 2018 | $2.8M | $2.3M | $4.2M | $3.2M | — | View 990 |
| 2017 | $3.5M | $3.6M | $2.8M | $2.3M | — | View 990 |
| 2016 | $2.6M | $2.7M | $3.3M | $2.2M | — | View 990 |
| 2015 | $2.9M | $3.2M | $3.1M | $1.8M | — | — |
| 2014 | $4.6M | $5.0M | $3.4M | $1.9M | — | View 990 |
| 2013 | $2.5M | $2.5M | $3.3M | $1.4M | — | View 990 |
| 2012 | $1.7M | $1.6M | $2.5M | $687K | — | View 990 |
| 2011 | $2.4M | $2.2M | $2.3M | $509K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.7M, expenses of $6.1M, and assets of $11.0M (revenue +76.5% year-over-year).
- 2022: Revenue of $4.4M, expenses of $3.2M, and assets of $10.9M (revenue -23.1% year-over-year).
- 2021: Revenue of $5.7M, expenses of $4.6M, and assets of $8.0M (revenue +55.9% year-over-year).
- 2020: Revenue of $3.7M, expenses of $2.4M, and assets of $7.3M (revenue -23.2% year-over-year).
- 2019: Revenue of $4.8M, expenses of $3.8M, and assets of $5.0M (revenue +68.2% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.3M, and assets of $4.2M (revenue -18.2% year-over-year).
- 2017: Revenue of $3.5M, expenses of $3.6M, and assets of $2.8M (revenue +33.8% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.7M, and assets of $3.3M (revenue -10.4% year-over-year).
- 2015: Revenue of $2.9M, expenses of $3.2M, and assets of $3.1M (revenue -36.9% year-over-year).
- 2014: Revenue of $4.6M, expenses of $5.0M, and assets of $3.4M (revenue +79.8% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.5M, and assets of $3.3M (revenue +48.6% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.6M, and assets of $2.5M (revenue -29.9% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.2M, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phi Beta Sigma Fraternity Inc:
Data Sources and Methodology
This transparency report for Phi Beta Sigma 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.