Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc
Pi Lambda Lambda Chapter shows consistent revenue growth and zero executive compensation over four years.
EIN: 202321995 · Dumfries, VA · NTEE: B83 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $189K |
| Total Expenses | $103K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $189,381. |
| Net Assets | $52K |
| Transparency Score | 90/100 |
Is Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc
Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc (EIN: 202321995) is a nonprofit organization based in Dumfries, VA, classified under NTEE code B83. The organization reported total revenue of $189K and total assets of $59K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc is a small nonprofit that has been operating for 4 years, with 4 years of IRS 990 filings on record (2012–2015). Revenue has grown at a compound annual rate of 25.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $112K |
| Total Expenses | $103K |
| Surplus / Deficit | +$8K |
| Total Assets | $52K |
| Net Assets | $52K |
| Operating Margin | 7.5% |
| Months of Reserves | 6.0 months |
Financial Health Grade: A
In 2015, Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc reported a surplus of $8K with revenue exceeding expenses, holds 6.0 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2012–2015), Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc's revenue has grown at a compound annual growth rate (CAGR) of 25.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +15.2% | +18.2% | +19.1% |
| 2014 | +14.8% | -9.6% | +27.8% |
| 2013 | +48.1% | +61.5% | +38.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
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 Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity 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, Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size with latest revenue of $189,381.
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 Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc:
- Consistent revenue growth from $57,069 in 201210 to $189,381 currently.
- Zero officer compensation reported across all filings, indicating volunteer leadership.
- Zero liabilities reported in all filings, demonstrating strong financial health.
- Consistent asset growth from $24,812 in 201210 to $59,191 currently.
Frequently Asked Questions about Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc
Is Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc (EIN: 202321995) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc spend its money?
Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc tax-deductible?
Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc is registered as a tax-exempt nonprofit (EIN: 202321995). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc CEO make?
Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc's highest-compensated officer earns $189,381. annually. The organization reported $189K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc's spending goes to programs?
Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc is above average for NTEE category B83 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc located?
Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc is headquartered in Dumfries, Virginia and files with the IRS under EIN 202321995. It is classified under NTEE code B83.
How many years of IRS 990 filings does Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc have?
Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $189K in total revenue.
Is Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc a good charity?
Based on the provided data, the organization appears to be a good charity. It demonstrates consistent revenue and asset growth, maintains zero liabilities, and reports no officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
How has the organization's revenue changed over time?
The organization's revenue has shown consistent growth, increasing from $57,069 in 201210 to $111,788 in 201510, with the latest reported revenue at $189,381, indicating a positive financial trend.
What is the organization's approach to executive compensation?
Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc has a highly commendable approach to executive compensation, consistently reporting 0% officer compensation across all available filings, meaning its leadership serves on a volunteer basis.
Filing History
IRS 990 filing history for Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2012–2015), Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc's revenue has grown by 95.9%, moving from $57K to $112K. Total assets increased by 110% over the same period, from $25K to $52K. Total functional expenses rose by 72.5%, from $60K to $103K. In its most recent filing year (2015), Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc reported a surplus of $8K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $112K | $103K | $52K | $0 | — | View 990 |
| 2014 | $97K | $88K | $44K | $0 | — | View 990 |
| 2013 | $85K | $97K | $34K | $0 | — | View 990 |
| 2012 | $57K | $60K | $25K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $112K, expenses of $103K, and assets of $52K (revenue +15.2% year-over-year).
- 2014: Revenue of $97K, expenses of $88K, and assets of $44K (revenue +14.8% year-over-year).
- 2013: Revenue of $85K, expenses of $97K, and assets of $34K (revenue +48.1% year-over-year).
- 2012: Revenue of $57K, expenses of $60K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pi Lambda Lambda Chapter Of The Omega Psi Phi Fraternity Inc:
Data Sources and Methodology
This transparency report for Pi Lambda Lambda Chapter Of The Omega Psi Phi 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.