Phi Theta Kappa Foundation
Phi Theta Kappa Foundation maintains strong asset growth with no reported officer compensation.
EIN: 205469890 · Jackson, MS · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $2.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $17,874,262. |
| Net Assets | $13.7M |
| Transparency Score | 90/100 |
Is Phi Theta Kappa Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phi Theta Kappa Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Phi Theta Kappa Foundation
Phi Theta Kappa Foundation (EIN: 205469890) is a nonprofit organization based in Jackson, MS, classified under NTEE code B11. The organization reported total revenue of $4.3M and total assets of $17.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phi Theta Kappa Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phi Theta Kappa Foundation is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$474K |
| Total Assets | $16.4M |
| Total Liabilities | $2.6M |
| Net Assets | $13.7M |
| Operating Margin | 18.6% |
| Debt-to-Asset Ratio | 16.2% |
| Months of Reserves | 94.6 months |
Financial Health Grade: A
In 2023, Phi Theta Kappa Foundation reported a surplus of $474K with revenue exceeding expenses, holds 94.6 months of operating reserves (strong position), has a debt-to-asset ratio of 16.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Phi Theta Kappa Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.3% | -15.0% | +33.7% |
| 2022 | -35.2% | -42.0% | -20.9% |
| 2021 | +18.3% | +47.0% | +10.4% |
| 2020 | -11.9% | -10.0% | +9.8% |
| 2019 | -12.6% | +10.1% | +20.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
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 Theta Kappa Foundation 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 Theta Kappa Foundation 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 $474K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.2%.
Executive Compensation Analysis
The Phi Theta Kappa Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through a related entity, which would require further investigation. This practice, if truly volunteer-driven, is highly commendable for a nonprofit of its size, with assets reaching $17,874,262.
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 Theta Kappa Foundation's IRS 990 filings:
- Significant increase in liabilities in 2023 to $2,647,342, up from $206,148 in 2022, warrants further scrutiny.
Strengths
The following positive indicators were identified for Phi Theta Kappa Foundation:
- Consistent asset growth over the past decade, reaching $17,874,262.
- Zero reported officer compensation across all available filings, indicating strong financial stewardship.
- Generally low liabilities relative to assets, demonstrating financial stability.
- Expenses consistently managed below revenue in most periods, contributing to reserves.
Frequently Asked Questions about Phi Theta Kappa Foundation
Is Phi Theta Kappa Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Phi Theta Kappa Foundation (EIN: 205469890) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Phi Theta Kappa Foundation spend its money?
Phi Theta Kappa Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Phi Theta Kappa Foundation tax-deductible?
Phi Theta Kappa Foundation is registered as a tax-exempt nonprofit (EIN: 205469890). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Phi Theta Kappa Foundation CEO make?
Phi Theta Kappa Foundation's highest-compensated officer earns $17,874,262. annually. The organization reported $4.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Phi Theta Kappa Foundation's spending goes to programs?
Phi Theta Kappa Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Phi Theta Kappa Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Phi Theta Kappa Foundation 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 Theta Kappa Foundation located?
Phi Theta Kappa Foundation is headquartered in Jackson, Mississippi and files with the IRS under EIN 205469890. It is classified under NTEE code B11.
How many years of IRS 990 filings does Phi Theta Kappa Foundation have?
Phi Theta Kappa Foundation 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 $4.3M in total revenue.
Is Phi Theta Kappa Foundation a good charity?
Based on its consistent asset growth, generally low liabilities, and zero reported officer compensation, the Phi Theta Kappa Foundation appears to be a well-managed and financially sound organization. Its strong financial health and apparent commitment to minimizing administrative overhead suggest it is a good charity.
What caused the significant increase in liabilities in 2023?
The liabilities increased from $206,148 in 2022 to $2,647,342 in 2023. While still a fraction of its $16,381,188 assets, this substantial jump warrants further investigation into the nature of these liabilities (e.g., program-related payables, short-term debt) to understand its financial implications.
How does the organization sustain operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through a separate, related entity. Donors might want to understand the full compensation structure if leadership is not truly volunteer.
Filing History
IRS 990 filing history for Phi Theta Kappa Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Phi Theta Kappa Foundation's revenue has declined by 32.1%, moving from $3.8M to $2.6M. Total assets increased by 188.6% over the same period, from $5.7M to $16.4M. Total functional expenses rose by 43.2%, from $1.5M to $2.1M. In its most recent filing year (2023), Phi Theta Kappa Foundation reported a surplus of $474K, with revenue exceeding expenses. The organization holds $2.6M in liabilities against $16.4M in assets (debt-to-asset ratio: 16.2%), resulting in net assets of $13.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.1M | $16.4M | $2.6M | — | View 990 |
| 2022 | $2.6M | $2.4M | $12.3M | $206K | — | — |
| 2021 | $4.0M | $4.2M | $15.5M | $1.2M | — | View 990 |
| 2020 | $3.4M | $2.9M | $14.0M | $476K | — | — |
| 2019 | $3.8M | $3.2M | $12.8M | $499K | — | View 990 |
| 2018 | $4.4M | $2.9M | $10.6M | $363K | — | View 990 |
| 2017 | $3.6M | $3.0M | $10.2M | $574K | — | View 990 |
| 2016 | $3.6M | $2.0M | $8.7M | $383K | — | View 990 |
| 2015 | $2.2M | $2.0M | $6.8M | $397K | — | View 990 |
| 2014 | $2.4M | $1.8M | $6.8M | $377K | — | View 990 |
| 2013 | $2.1M | $2.9M | $6.4M | $493K | — | View 990 |
| 2012 | $3.6M | $2.8M | $6.8M | $512K | — | View 990 |
| 2011 | $3.8M | $1.5M | $5.7M | $88K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.1M, and assets of $16.4M (revenue -1.3% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.4M, and assets of $12.3M (revenue -35.2% year-over-year).
- 2021: Revenue of $4.0M, expenses of $4.2M, and assets of $15.5M (revenue +18.3% year-over-year).
- 2020: Revenue of $3.4M, expenses of $2.9M, and assets of $14.0M (revenue -11.9% year-over-year).
- 2019: Revenue of $3.8M, expenses of $3.2M, and assets of $12.8M (revenue -12.6% year-over-year).
- 2018: Revenue of $4.4M, expenses of $2.9M, and assets of $10.6M (revenue +22.2% year-over-year).
- 2017: Revenue of $3.6M, expenses of $3.0M, and assets of $10.2M (revenue +0.1% year-over-year).
- 2016: Revenue of $3.6M, expenses of $2.0M, and assets of $8.7M (revenue +64.9% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.0M, and assets of $6.8M (revenue -10.9% year-over-year).
- 2014: Revenue of $2.4M, expenses of $1.8M, and assets of $6.8M (revenue +16.0% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.9M, and assets of $6.4M (revenue -42.1% year-over-year).
- 2012: Revenue of $3.6M, expenses of $2.8M, and assets of $6.8M (revenue -3.4% year-over-year).
- 2011: Revenue of $3.8M, expenses of $1.5M, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phi Theta Kappa Foundation:
Data Sources and Methodology
This transparency report for Phi Theta Kappa Foundation 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.