Psi Omega Fraternity Grand Chapter
EIN: 231573074 · Walterboro, SC
| Metric | Value |
|---|---|
| Total Revenue | $94K |
| Total Expenses | $129K |
| Net Assets | $122K |
Is Psi Omega Fraternity Grand Chapter Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Psi Omega Fraternity Grand Chapter
Psi Omega Fraternity Grand Chapter (EIN: 231573074) is a nonprofit organization based in Walterboro, SC. The organization reported total revenue of $94K and total assets of $757K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Psi Omega Fraternity Grand Chapter's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Psi Omega Fraternity Grand Chapter is a micro nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $88K |
| Total Expenses | $129K |
| Surplus / Deficit | $-40,541 |
| Total Assets | $774K |
| Total Liabilities | $652K |
| Net Assets | $122K |
| Operating Margin | -45.9% |
| Debt-to-Asset Ratio | 84.3% |
| Months of Reserves | 72.0 months |
Financial Health Grade: C
In 2023, Psi Omega Fraternity Grand Chapter reported a deficit of $41K with expenses exceeding revenue, holds 72.0 months of operating reserves (strong position), has a debt-to-asset ratio of 84.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Psi Omega Fraternity Grand Chapter's revenue has declined at a compound annual growth rate (CAGR) of -3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.7% | +18.8% | -4.9% |
| 2022 | -21.6% | -8.2% | -4.7% |
| 2021 | -8.9% | -15.2% | -2.9% |
| 2020 | -20.9% | -3.1% | -4.6% |
| 2019 | +13.9% | -12.6% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Psi Omega Fraternity Grand Chapter has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Psi Omega Fraternity Grand Chapter with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 84.3%.
Frequently Asked Questions about Psi Omega Fraternity Grand Chapter
Is Psi Omega Fraternity Grand Chapter a legitimate charity?
Based on AI analysis of IRS 990 filings, Psi Omega Fraternity Grand Chapter (EIN: 231573074) insufficient data. 0 red flags identified, 0 strengths noted.
How does Psi Omega Fraternity Grand Chapter spend its money?
Detailed spending breakdown data is not yet available for Psi Omega Fraternity Grand Chapter. Check back for updated IRS 990 analysis.
Are donations to Psi Omega Fraternity Grand Chapter tax-deductible?
Psi Omega Fraternity Grand Chapter is registered as a tax-exempt nonprofit (EIN: 231573074). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Psi Omega Fraternity Grand Chapter located?
Psi Omega Fraternity Grand Chapter is headquartered in Walterboro, South Carolina and files with the IRS under EIN 231573074.
How many years of IRS 990 filings does Psi Omega Fraternity Grand Chapter have?
Psi Omega Fraternity Grand Chapter 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 $94K in total revenue.
Filing History
IRS 990 filing history for Psi Omega Fraternity Grand Chapter showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Psi Omega Fraternity Grand Chapter's revenue has declined by 30.5%, moving from $127K to $88K. Total assets decreased by 6.4% over the same period, from $826K to $774K. Total functional expenses fell by 13.4%, from $149K to $129K. In its most recent filing year (2023), Psi Omega Fraternity Grand Chapter reported a deficit of $41K, with expenses exceeding revenue. The organization holds $652K in liabilities against $774K in assets (debt-to-asset ratio: 84.3%), resulting in net assets of $122K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $88K | $129K | $774K | $652K | — | View 990 |
| 2022 | $69K | $108K | $814K | $652K | — | View 990 |
| 2021 | $88K | $118K | $854K | $652K | — | — |
| 2020 | $97K | $139K | $879K | $652K | — | — |
| 2019 | $122K | $144K | $922K | $652K | — | View 990 |
| 2018 | $108K | $165K | $943K | $652K | — | View 990 |
| 2017 | $99K | $166K | $1000K | $652K | — | View 990 |
| 2016 | $101K | $150K | $1.1M | $654K | — | View 990 |
| 2015 | $96K | $147K | $1.1M | $654K | — | View 990 |
| 2014 | $101K | $143K | $1.2M | $654K | — | View 990 |
| 2013 | $596K | $176K | $1.2M | $649K | — | View 990 |
| 2012 | $203K | $142K | $787K | $651K | — | View 990 |
| 2011 | $127K | $149K | $826K | $751K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $88K, expenses of $129K, and assets of $774K (revenue +27.7% year-over-year).
- 2022: Revenue of $69K, expenses of $108K, and assets of $814K (revenue -21.6% year-over-year).
- 2021: Revenue of $88K, expenses of $118K, and assets of $854K (revenue -8.9% year-over-year).
- 2020: Revenue of $97K, expenses of $139K, and assets of $879K (revenue -20.9% year-over-year).
- 2019: Revenue of $122K, expenses of $144K, and assets of $922K (revenue +13.9% year-over-year).
- 2018: Revenue of $108K, expenses of $165K, and assets of $943K (revenue +9.1% year-over-year).
- 2017: Revenue of $99K, expenses of $166K, and assets of $1000K (revenue -2.7% year-over-year).
- 2016: Revenue of $101K, expenses of $150K, and assets of $1.1M (revenue +5.9% year-over-year).
- 2015: Revenue of $96K, expenses of $147K, and assets of $1.1M (revenue -5.1% year-over-year).
- 2014: Revenue of $101K, expenses of $143K, and assets of $1.2M (revenue -83.1% year-over-year).
- 2013: Revenue of $596K, expenses of $176K, and assets of $1.2M (revenue +193.5% year-over-year).
- 2012: Revenue of $203K, expenses of $142K, and assets of $787K (revenue +59.6% year-over-year).
- 2011: Revenue of $127K, expenses of $149K, and assets of $826K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Psi Omega Fraternity Grand Chapter:
Data Sources and Methodology
This transparency report for Psi Omega Fraternity Grand Chapter 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.