Psi Upsilon Fraternity
Psi Upsilon Fraternity reports $0 revenue and assets in its latest filing, a sharp decline from previous years.
EIN: 20180995 · Hanover, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $257K |
| Program Spending | 75% |
| Net Assets | $38K |
| Transparency Score | 60/100 |
Is Psi Upsilon Fraternity Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Psi Upsilon Fraternity directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Psi Upsilon Fraternity
Psi Upsilon Fraternity (EIN: 20180995) is a nonprofit organization based in Hanover, NH. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Psi Upsilon Fraternity's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Psi Upsilon Fraternity is a small nonprofit that has been operating for 81 years, with 5 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $238K |
| Total Expenses | $257K |
| Surplus / Deficit | $-19,114 |
| Total Assets | $38K |
| Net Assets | $38K |
| Operating Margin | -8.0% |
| Months of Reserves | 1.8 months |
Financial Health Grade: C
In 2023, Psi Upsilon Fraternity reported a deficit of $19K with expenses exceeding revenue, holds 1.8 months of operating reserves (limited).
Financial Trends
Over 5 years of filings (2011–2023), Psi Upsilon Fraternity's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.9% | -20.5% | -33.8% |
| 2022 | +131.5% | +118.2% | +554.9% |
| 2020 | -47.6% | -47.2% | +0.5% |
| 2017 | +25.4% | +17.3% | +1434.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1945 |
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 Psi Upsilon Fraternity with a Mission Score of 60 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, Psi Upsilon Fraternity 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 $19K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no portion of the organization's expenses is allocated to officer salaries, which is a positive sign for resource utilization.
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 Psi Upsilon Fraternity's IRS 990 filings:
- Reported $0 revenue and assets in the latest filing (202309) after years of active financial reporting, raising questions about current operations or data accuracy.
- NTEE code is unknown, which can hinder understanding the organization's specific programmatic focus and comparing it to peers.
Strengths
The following positive indicators were identified for Psi Upsilon Fraternity:
- Consistently reports 0% officer compensation across all available filings, indicating efficient use of funds not directed towards executive salaries.
- Maintained positive net assets in most recent active periods (e.g., $37,506 in 202309, $56,620 in 202209, $8,645 in 202009, excluding the $0 report).
Frequently Asked Questions about Psi Upsilon Fraternity
Is Psi Upsilon Fraternity a legitimate charity?
Psi Upsilon Fraternity (EIN: 20180995) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 60/100. It has 5 years of IRS 990 filings on record. 2 red flags identified. 2 strengths noted. Financial health grade: C.
How does Psi Upsilon Fraternity spend its money?
Psi Upsilon Fraternity directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Psi Upsilon Fraternity tax-deductible?
Psi Upsilon Fraternity is registered as a tax-exempt nonprofit (EIN: 20180995). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Psi Upsilon Fraternity's spending goes to programs?
Psi Upsilon Fraternity directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Psi Upsilon Fraternity located?
Psi Upsilon Fraternity is headquartered in Hanover, New Hampshire and files with the IRS under EIN 20180995.
How many years of IRS 990 filings does Psi Upsilon Fraternity have?
Psi Upsilon Fraternity has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Why did Psi Upsilon Fraternity report $0 in revenue and assets for its latest period (202309), despite reporting significant activity in prior years?
The provided data shows a stark contrast between the latest filing (202309) with $0 revenue and assets, and previous filings where revenue ranged from $155,177 to $359,304 and assets from $561 to $56,620. This discrepancy requires clarification from the organization regarding its operational status or reporting accuracy.
What is the current operational status of Psi Upsilon Fraternity given the $0 revenue and assets in the latest filing?
The $0 figures for revenue and assets in the 202309 period suggest either a cessation of financial activity, a significant change in reporting, or a potential error in the provided data. Without further information, it's difficult to ascertain the current operational status.
Filing History
IRS 990 filing history for Psi Upsilon Fraternity showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2023), Psi Upsilon Fraternity's revenue has grown by 0.6%, moving from $236K to $238K. Total assets increased by 6585.6% over the same period, from $561 to $38K. Total functional expenses rose by 7.5%, from $239K to $257K. In its most recent filing year (2023), Psi Upsilon Fraternity reported a deficit of $19K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $238K | $257K | $38K | $0 | — | — |
| 2022 | $359K | $323K | $57K | $0 | — | — |
| 2020 | $155K | $148K | $9K | $0 | — | — |
| 2017 | $296K | $280K | $9K | $13K | — | View 990 |
| 2011 | $236K | $239K | $561 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $238K, expenses of $257K, and assets of $38K (revenue -33.9% year-over-year).
- 2022: Revenue of $359K, expenses of $323K, and assets of $57K (revenue +131.5% year-over-year).
- 2020: Revenue of $155K, expenses of $148K, and assets of $9K (revenue -47.6% year-over-year).
- 2017: Revenue of $296K, expenses of $280K, and assets of $9K (revenue +25.4% year-over-year).
- 2011: Revenue of $236K, expenses of $239K, and assets of $561.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Psi Upsilon Fraternity:
Data Sources and Methodology
This transparency report for Psi Upsilon Fraternity 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.