Phi Eta Kappa
Phi Eta Kappa shows recent financial growth but carries substantial liabilities.
EIN: 10422081 · Orono, ME · NTEE: N50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $144K |
| Total Expenses | $88K |
| Program Spending | 85% |
| Net Assets | $34K |
| Transparency Score | 75/100 |
Is Phi Eta Kappa Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phi Eta Kappa directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Phi Eta Kappa
Phi Eta Kappa (EIN: 10422081) is a nonprofit organization based in Orono, ME, classified under NTEE code N50. The organization reported total revenue of $144K and total assets of $215K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phi Eta Kappa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phi Eta Kappa is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $108K |
| Total Expenses | $88K |
| Surplus / Deficit | +$20K |
| Total Assets | $158K |
| Total Liabilities | $124K |
| Net Assets | $34K |
| Operating Margin | 18.6% |
| Debt-to-Asset Ratio | 78.5% |
| Months of Reserves | 21.7 months |
Financial Health Grade: A
In 2023, Phi Eta Kappa reported a surplus of $20K with revenue exceeding expenses, holds 21.7 months of operating reserves (strong position), has a debt-to-asset ratio of 78.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Phi Eta Kappa's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.5% | +15.0% | +25.2% |
| 2022 | +21.9% | +16.2% | +112.3% |
| 2021 | +373.7% | +1784.1% | +9.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Eta Kappa with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Phi Eta Kappa allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 78.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based. This is highly favorable for minimizing administrative overhead and maximizing resources for the organization's mission.
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 Eta Kappa's IRS 990 filings:
- Significant increase in liabilities relative to assets ($124,153 liabilities vs. $158,250 assets in 202308)
- Periods of zero revenue and expenses (201808, 201908) indicating dormancy or minimal activity
Strengths
The following positive indicators were identified for Phi Eta Kappa:
- Consistent positive revenue growth in recent years (from $13,780 in 202008 to $107,776 in 202308)
- Volunteer-based leadership with 0% officer compensation reported
- Positive net income in the latest reported period ($107,776 revenue - $87,705 expenses = $20,071 surplus in 202308)
- Long and consistent IRS 990 filing history (13 filings)
Frequently Asked Questions about Phi Eta Kappa
Is Phi Eta Kappa a legitimate charity?
Phi Eta Kappa (EIN: 10422081) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $144K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Phi Eta Kappa spend its money?
Phi Eta Kappa directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Phi Eta Kappa tax-deductible?
Phi Eta Kappa is registered as a tax-exempt nonprofit (EIN: 10422081). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Phi Eta Kappa's spending goes to programs?
Phi Eta Kappa directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Phi Eta Kappa compare to similar nonprofits?
With a transparency score of 75/100 (Good), Phi Eta Kappa is above average for NTEE category N50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Phi Eta Kappa located?
Phi Eta Kappa is headquartered in Orono, Maine and files with the IRS under EIN 10422081. It is classified under NTEE code N50.
How many years of IRS 990 filings does Phi Eta Kappa have?
Phi Eta Kappa has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $144K in total revenue.
Is Phi Eta Kappa financially stable?
Phi Eta Kappa has demonstrated recent financial growth, with revenue exceeding expenses in the 202308 period ($107,776 revenue vs. $87,705 expenses). However, its liabilities have also grown significantly to $124,153, which is a substantial portion of its $158,250 in assets, suggesting a need to understand the nature of these liabilities for a full assessment of stability.
How does Phi Eta Kappa manage its administrative costs?
The organization reports 0% officer compensation across all filings, indicating a volunteer leadership structure. This suggests very low, if any, direct executive administrative costs, which is a positive indicator for efficient use of funds.
What caused the large increase in liabilities?
The provided data shows liabilities increasing from $48,811 in 202108 to $124,153 in 202308. Without access to the full IRS 990 forms, the specific causes for this significant increase cannot be determined, but it warrants further investigation.
Is Phi Eta Kappa transparent?
Phi Eta Kappa has a consistent filing history with 13 filings, which is a good sign of transparency. However, without detailed expense breakdowns in the provided summary, a complete assessment of spending transparency is limited.
Filing History
IRS 990 filing history for Phi Eta Kappa showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Phi Eta Kappa's revenue has declined by 9.8%, moving from $119K to $108K. Total assets increased by 5.9% over the same period, from $149K to $158K. Total functional expenses fell by 17.5%, from $106K to $88K. In its most recent filing year (2023), Phi Eta Kappa reported a surplus of $20K, with revenue exceeding expenses. The organization holds $124K in liabilities against $158K in assets (debt-to-asset ratio: 78.5%), resulting in net assets of $34K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $108K | $88K | $158K | $124K | — | View 990 |
| 2022 | $80K | $76K | $126K | $112K | — | View 990 |
| 2021 | $65K | $66K | $60K | $49K | — | View 990 |
| 2020 | $14K | $3K | $54K | $43K | — | — |
| 2019 | $0 | $0 | $755 | $0 | — | View 990 |
| 2018 | $0 | $0 | $755 | $0 | — | View 990 |
| 2017 | $0 | $345 | $755 | $0 | — | View 990 |
| 2016 | $1 | $3K | $1K | $0 | — | View 990 |
| 2015 | $2K | $7K | $4K | $0 | — | View 990 |
| 2014 | $135K | $145K | $10K | $997 | — | View 990 |
| 2013 | $141K | $144K | $168K | $149K | — | View 990 |
| 2012 | $130K | $126K | $173K | $150K | — | View 990 |
| 2011 | $119K | $106K | $149K | $131K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $108K, expenses of $88K, and assets of $158K (revenue +35.5% year-over-year).
- 2022: Revenue of $80K, expenses of $76K, and assets of $126K (revenue +21.9% year-over-year).
- 2021: Revenue of $65K, expenses of $66K, and assets of $60K (revenue +373.7% year-over-year).
- 2020: Revenue of $14K, expenses of $3K, and assets of $54K.
- 2019: Revenue of $0, expenses of $0, and assets of $755.
- 2018: Revenue of $0, expenses of $0, and assets of $755.
- 2017: Revenue of $0, expenses of $345, and assets of $755 (revenue -100.0% year-over-year).
- 2016: Revenue of $1, expenses of $3K, and assets of $1K (revenue -99.9% year-over-year).
- 2015: Revenue of $2K, expenses of $7K, and assets of $4K (revenue -98.8% year-over-year).
- 2014: Revenue of $135K, expenses of $145K, and assets of $10K (revenue -4.2% year-over-year).
- 2013: Revenue of $141K, expenses of $144K, and assets of $168K (revenue +8.4% year-over-year).
- 2012: Revenue of $130K, expenses of $126K, and assets of $173K (revenue +8.8% year-over-year).
- 2011: Revenue of $119K, expenses of $106K, and assets of $149K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phi Eta Kappa:
Data Sources and Methodology
This transparency report for Phi Eta Kappa 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.