Phi Sigma Sigma Foundation Inc
Phi Sigma Sigma Foundation Inc. consistently grows assets with no reported officer compensation.
EIN: 205942561 · Eldersburg, MD · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $645K |
| Program Spending | 85% |
| Net Assets | $4.1M |
| Transparency Score | 90/100 |
Is Phi Sigma Sigma Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phi Sigma Sigma Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Phi Sigma Sigma Foundation Inc
Phi Sigma Sigma Foundation Inc (EIN: 205942561) is a nonprofit organization based in Eldersburg, MD, classified under NTEE code B11. The organization reported total revenue of $3.3M and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phi Sigma Sigma Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phi Sigma Sigma Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $662K |
| Total Expenses | $645K |
| Surplus / Deficit | +$17K |
| Total Assets | $4.3M |
| Total Liabilities | $161K |
| Net Assets | $4.1M |
| Operating Margin | 2.6% |
| Debt-to-Asset Ratio | 3.7% |
| Months of Reserves | 80.1 months |
Financial Health Grade: A
In 2024, Phi Sigma Sigma Foundation Inc reported a surplus of $17K with revenue exceeding expenses, holds 80.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.7% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Phi Sigma Sigma Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +25.3% | +30.3% | +7.5% |
| 2023 | -6.0% | +2.5% | +8.9% |
| 2022 | -14.9% | -14.6% | -11.7% |
| 2021 | -24.7% | -12.4% | +23.0% |
| 2020 | +113.5% | +101.8% | +11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Sigma Sigma 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Phi Sigma Sigma Foundation Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is highly favorable for donor confidence and efficient use of 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.
Strengths
The following positive indicators were identified for Phi Sigma Sigma Foundation Inc:
- Consistent asset growth (from $2.6M in 2015 to $4.3M in 2024)
- No reported officer compensation across all filings
- Generally positive net revenue, indicating financial sustainability
- Low liabilities relative to assets, suggesting strong financial stability
- Consistent IRS 990 filing history, demonstrating transparency
Frequently Asked Questions about Phi Sigma Sigma Foundation Inc
Is Phi Sigma Sigma Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Phi Sigma Sigma Foundation Inc (EIN: 205942561) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Phi Sigma Sigma Foundation Inc spend its money?
Phi Sigma Sigma Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Phi Sigma Sigma Foundation Inc tax-deductible?
Phi Sigma Sigma Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205942561). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Phi Sigma Sigma Foundation Inc's spending goes to programs?
Phi Sigma Sigma Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Phi Sigma Sigma Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Phi Sigma Sigma Foundation Inc is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Phi Sigma Sigma Foundation Inc located?
Phi Sigma Sigma Foundation Inc is headquartered in Eldersburg, Maryland and files with the IRS under EIN 205942561. It is classified under NTEE code B11.
How many years of IRS 990 filings does Phi Sigma Sigma Foundation Inc have?
Phi Sigma Sigma Foundation Inc has 14 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 $3.3M in total revenue.
Is Phi Sigma Sigma Foundation Inc. a good charity?
Based on the available financial data, Phi Sigma Sigma Foundation Inc. appears to be a good charity. It consistently grows its assets, maintains positive net revenue, and reports 0% officer compensation, indicating efficient use of funds and strong financial stewardship.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved. Assets have grown from $2,663,440 in 2015 to $4,306,002 in 2024, and revenue has generally exceeded expenses, contributing to this growth.
What is the trend in revenue and expenses?
Revenue and expenses have fluctuated but generally show a positive trend where revenue exceeds expenses, allowing for asset accumulation. For example, in 2024, revenue was $662,167 against expenses of $645,116.
Filing History
IRS 990 filing history for Phi Sigma Sigma Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Phi Sigma Sigma Foundation Inc's revenue has grown by 7.3%, moving from $617K to $662K. Total assets increased by 123.3% over the same period, from $1.9M to $4.3M. Total functional expenses rose by 70%, from $379K to $645K. In its most recent filing year (2024), Phi Sigma Sigma Foundation Inc reported a surplus of $17K, with revenue exceeding expenses. The organization holds $161K in liabilities against $4.3M in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $662K | $645K | $4.3M | $161K | — | View 990 |
| 2023 | $528K | $495K | $4.0M | $195K | — | View 990 |
| 2022 | $562K | $483K | $3.7M | $203K | — | View 990 |
| 2021 | $660K | $566K | $4.2M | $173K | — | — |
| 2020 | $877K | $646K | $3.4M | $41K | — | View 990 |
| 2019 | $411K | $320K | $3.0M | $52K | — | View 990 |
| 2018 | $575K | $476K | $2.8M | $40K | — | View 990 |
| 2017 | $575K | $594K | $2.7M | $99K | — | View 990 |
| 2016 | $600K | $557K | $2.6M | $49K | — | View 990 |
| 2015 | $718K | $573K | $2.7M | $84K | — | View 990 |
| 2014 | $761K | $576K | $2.6M | $84K | — | View 990 |
| 2013 | $549K | $461K | $2.3M | $76K | — | View 990 |
| 2012 | $507K | $392K | $2.0M | $37K | — | View 990 |
| 2011 | $617K | $379K | $1.9M | $30K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $662K, expenses of $645K, and assets of $4.3M (revenue +25.3% year-over-year).
- 2023: Revenue of $528K, expenses of $495K, and assets of $4.0M (revenue -6.0% year-over-year).
- 2022: Revenue of $562K, expenses of $483K, and assets of $3.7M (revenue -14.9% year-over-year).
- 2021: Revenue of $660K, expenses of $566K, and assets of $4.2M (revenue -24.7% year-over-year).
- 2020: Revenue of $877K, expenses of $646K, and assets of $3.4M (revenue +113.5% year-over-year).
- 2019: Revenue of $411K, expenses of $320K, and assets of $3.0M (revenue -28.6% year-over-year).
- 2018: Revenue of $575K, expenses of $476K, and assets of $2.8M (revenue +0.0% year-over-year).
- 2017: Revenue of $575K, expenses of $594K, and assets of $2.7M (revenue -4.2% year-over-year).
- 2016: Revenue of $600K, expenses of $557K, and assets of $2.6M (revenue -16.4% year-over-year).
- 2015: Revenue of $718K, expenses of $573K, and assets of $2.7M (revenue -5.6% year-over-year).
- 2014: Revenue of $761K, expenses of $576K, and assets of $2.6M (revenue +38.6% year-over-year).
- 2013: Revenue of $549K, expenses of $461K, and assets of $2.3M (revenue +8.3% year-over-year).
- 2012: Revenue of $507K, expenses of $392K, and assets of $2.0M (revenue -17.9% year-over-year).
- 2011: Revenue of $617K, expenses of $379K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phi Sigma Sigma Foundation Inc:
Data Sources and Methodology
This transparency report for Phi Sigma Sigma 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.