Pi Lambda Phi Fraternity Inc
Pi Lambda Phi Fraternity Inc. shows asset growth but faces a significant increase in liabilities and a deficit in its latest fiscal year.
EIN: 131168250 · Greenwich, CT · Updated: 2026-03-28
Is Pi Lambda Phi Fraternity Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pi Lambda Phi Fraternity Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pi Lambda Phi Fraternity Inc
Pi Lambda Phi Fraternity Inc (EIN: 131168250) is a nonprofit organization based in Greenwich, CT. The organization reported total revenue of $797K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pi Lambda Phi Fraternity Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pi Lambda Phi Fraternity Inc is a small nonprofit that has been operating for 85 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $863K |
| Total Expenses | $887K |
| Surplus / Deficit | $-24,315 |
| Total Assets | $1.3M |
| Total Liabilities | $3K |
| Net Assets | $1.3M |
| Operating Margin | -2.8% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 17.6 months |
Financial Health Grade: B
In 2023, Pi Lambda Phi Fraternity Inc reported a deficit of $24K with expenses exceeding revenue, holds 17.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Pi Lambda Phi Fraternity Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.5% | +8.7% | +16.7% |
| 2022 | +4.0% | +7.0% | +8.4% |
| 2021 | +7.4% | -2.0% | +16.0% |
| 2020 | +626.4% | +683.0% | +6.9% |
| 2019 | -87.0% | -88.8% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1941 |
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 Phi Fraternity Inc with a Mission Score of 65 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Pi Lambda Phi 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 deficit of $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization with annual revenues approaching $1 million and suggests either a fully volunteer-led executive team or compensation structured in a way not reported as officer compensation on the 990.
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 Pi Lambda Phi Fraternity Inc's IRS 990 filings:
- Significant increase in liabilities to $2,950,000 in 202308, up from $11,876 in 202208.
- Expenses ($887,451) exceeded revenue ($863,136) in the latest fiscal period (202308), indicating a deficit.
- Consistent reporting of 0% officer compensation, which is unusual for an organization of this size and revenue, potentially obscuring executive remuneration practices.
Strengths
The following positive indicators were identified for Pi Lambda Phi Fraternity Inc:
- Consistent revenue generation, generally around $800,000-$900,000 annually.
- Steady growth in assets, increasing from $705,061 in 201606 to $1,302,208 in 202308, indicating financial stability.
- History of generally managing expenses within or close to revenue levels in most periods.
Frequently Asked Questions about Pi Lambda Phi Fraternity Inc
Is Pi Lambda Phi Fraternity Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pi Lambda Phi Fraternity Inc (EIN: 131168250) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Pi Lambda Phi Fraternity Inc spend its money?
Pi Lambda Phi Fraternity Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pi Lambda Phi Fraternity Inc tax-deductible?
Pi Lambda Phi Fraternity Inc is registered as a tax-exempt nonprofit (EIN: 131168250). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the dramatic increase in liabilities to $2,950,000 in the 202308 filing?
The IRS 990 data indicates a jump from $11,876 in liabilities in 202208 to $2,950,000 in 202308. This significant increase requires further investigation into the nature of these new obligations.
How does Pi Lambda Phi Fraternity Inc. compensate its executive leadership if officer compensation is consistently reported as 0%?
The consistent reporting of 0% officer compensation suggests that either executive roles are entirely volunteer-based, or compensation is structured and reported under different categories, which is not immediately clear from the provided data.
What was the reason for the revenue dip in 201908 to $110,179, and how did the organization recover so quickly?
The revenue dropped significantly in 201908 from previous years' averages of around $800,000, only to rebound to $845,469 in the subsequent 201906 filing (note: fiscal periods overlap). Understanding the cause of this anomaly and the recovery strategy would be beneficial.
Filing History
IRS 990 filing history for Pi Lambda Phi Fraternity Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Pi Lambda Phi Fraternity Inc's revenue has grown by 74.6%, moving from $494K to $863K. Total assets increased by 107.1% over the same period, from $629K to $1.3M. Total functional expenses rose by 133.1%, from $381K to $887K. In its most recent filing year (2023), Pi Lambda Phi Fraternity Inc reported a deficit of $24K, with expenses exceeding revenue. The organization holds $3K in liabilities against $1.3M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $863K | $887K | $1.3M | $3K | — | View 990 |
| 2022 | $895K | $816K | $1.1M | $12K | — | View 990 |
| 2021 | $860K | $763K | $1.0M | $30K | — | — |
| 2020 | $800K | $778K | $888K | $39K | — | View 990 |
| 2019 | $110K | $99K | $830K | $9K | — | View 990 |
| 2019 | $845K | $891K | $819K | $5K | — | View 990 |
| 2018 | $809K | $730K | $906K | $11K | — | View 990 |
| 2017 | $834K | $741K | $799K | $315 | — | View 990 |
| 2016 | $737K | $831K | $705K | $3K | — | View 990 |
| 2015 | $682K | $613K | $830K | $34K | — | View 990 |
| 2014 | $587K | $509K | $773K | $47K | — | View 990 |
| 2013 | $566K | $482K | $709K | $61K | — | View 990 |
| 2012 | $498K | $479K | $635K | $71K | — | View 990 |
| 2011 | $494K | $381K | $629K | $83K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $863K, expenses of $887K, and assets of $1.3M (revenue -3.5% year-over-year).
- 2022: Revenue of $895K, expenses of $816K, and assets of $1.1M (revenue +4.0% year-over-year).
- 2021: Revenue of $860K, expenses of $763K, and assets of $1.0M (revenue +7.4% year-over-year).
- 2020: Revenue of $800K, expenses of $778K, and assets of $888K (revenue +626.4% year-over-year).
- 2019: Revenue of $110K, expenses of $99K, and assets of $830K (revenue -87.0% year-over-year).
- 2019: Revenue of $845K, expenses of $891K, and assets of $819K (revenue +4.5% year-over-year).
- 2018: Revenue of $809K, expenses of $730K, and assets of $906K (revenue -2.9% year-over-year).
- 2017: Revenue of $834K, expenses of $741K, and assets of $799K (revenue +13.1% year-over-year).
- 2016: Revenue of $737K, expenses of $831K, and assets of $705K (revenue +8.1% year-over-year).
- 2015: Revenue of $682K, expenses of $613K, and assets of $830K (revenue +16.3% year-over-year).
- 2014: Revenue of $587K, expenses of $509K, and assets of $773K (revenue +3.6% year-over-year).
- 2013: Revenue of $566K, expenses of $482K, and assets of $709K (revenue +13.7% year-over-year).
- 2012: Revenue of $498K, expenses of $479K, and assets of $635K (revenue +0.7% year-over-year).
- 2011: Revenue of $494K, expenses of $381K, and assets of $629K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pi Lambda Phi Fraternity Inc:
Data Sources and Methodology
This transparency report for Pi Lambda 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.