Sigma Chi At Miami Corporation
Sigma Chi At Miami Corporation consistently operates with zero officer compensation and minimal assets, maintaining a debt-free status.
EIN: 205228798 · Scottsdale, AZ · NTEE: B83 · Updated: 2026-03-28
Is Sigma Chi At Miami Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sigma Chi At Miami Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sigma Chi At Miami Corporation
Sigma Chi At Miami Corporation (EIN: 205228798) is a nonprofit organization based in Scottsdale, AZ, classified under NTEE code B83. The organization reported total revenue of $370K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sigma Chi At Miami Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sigma Chi At Miami Corporation is a small nonprofit that has been operating for 6 years, with 5 years of IRS 990 filings on record (2020–2024). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $224K |
| Total Expenses | $218K |
| Surplus / Deficit | +$6K |
| Total Assets | $8K |
| Net Assets | $8K |
| Operating Margin | 2.8% |
| Months of Reserves | 0.5 months |
Financial Health Grade: A
In 2024, Sigma Chi At Miami Corporation reported a surplus of $6K with revenue exceeding expenses, holds 0.5 months of operating reserves (limited).
Financial Trends
Over 5 years of filings (2020–2024), Sigma Chi At Miami Corporation's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +25.3% | +22.1% | +315.5% |
| 2023 | +9.2% | +8.3% | +30.9% |
| 2022 | +21.5% | +16.5% | -38.1% |
| 2021 | -18.7% | -9.8% | -77.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
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 Sigma Chi At Miami Corporation with a Mission Score of 85 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: 90%
- fundraising: 0%
According to IRS 990 filings, Sigma Chi At Miami Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is likely volunteer-based or compensated through an affiliated entity, which is a positive sign for donor funds being directed towards the mission rather than salaries.
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 Sigma Chi At Miami Corporation's IRS 990 filings:
- Minimal asset base relative to revenue, potentially indicating limited long-term financial stability or reliance on external support.
Strengths
The following positive indicators were identified for Sigma Chi At Miami Corporation:
- Consistent 0% officer compensation, indicating efficient use of funds and volunteer leadership.
- No reported liabilities across all filing periods, demonstrating strong financial management and a debt-free status.
- Revenues consistently cover expenses, showing operational sustainability.
- Consistent IRS 990 filing history, indicating good transparency and compliance.
Frequently Asked Questions about Sigma Chi At Miami Corporation
Is Sigma Chi At Miami Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Sigma Chi At Miami Corporation (EIN: 205228798) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Sigma Chi At Miami Corporation spend its money?
Sigma Chi At Miami Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sigma Chi At Miami Corporation tax-deductible?
Sigma Chi At Miami Corporation is registered as a tax-exempt nonprofit (EIN: 205228798). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Sigma Chi At Miami Corporation a good charity?
Based on the provided data, the organization appears to be financially sound with revenues generally covering expenses and no reported liabilities. The 0% officer compensation is a strong indicator of efficient use of funds. However, without detailed expense breakdowns, it's difficult to fully assess program impact.
How does Sigma Chi At Miami Corporation manage its assets?
The organization maintains a very low asset base, with current assets at $1,577 and a historical high of $11,011. This suggests a 'pass-through' model where funds are spent quickly or that significant assets are held by a parent or affiliated entity, rather than accumulating large reserves.
What is the trend in the organization's revenue and expenses?
Revenue has shown growth, from $165,838 in 202006 to $224,233 in 202406. Expenses have generally tracked revenue, indicating consistent operational activity. The organization has consistently managed to keep expenses close to or below revenue.
Filing History
IRS 990 filing history for Sigma Chi At Miami Corporation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2020–2024), Sigma Chi At Miami Corporation's revenue has grown by 35.2%, moving from $166K to $224K. Total assets decreased by 24% over the same period, from $11K to $8K. Total functional expenses rose by 38.8%, from $157K to $218K. In its most recent filing year (2024), Sigma Chi At Miami Corporation reported a surplus of $6K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $224K | $218K | $8K | $0 | — | — |
| 2023 | $179K | $178K | $2K | $0 | — | — |
| 2022 | $164K | $165K | $2K | $0 | — | View 990 |
| 2021 | $135K | $142K | $2K | $0 | — | — |
| 2020 | $166K | $157K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $224K, expenses of $218K, and assets of $8K (revenue +25.3% year-over-year).
- 2023: Revenue of $179K, expenses of $178K, and assets of $2K (revenue +9.2% year-over-year).
- 2022: Revenue of $164K, expenses of $165K, and assets of $2K (revenue +21.5% year-over-year).
- 2021: Revenue of $135K, expenses of $142K, and assets of $2K (revenue -18.7% year-over-year).
- 2020: Revenue of $166K, expenses of $157K, and assets of $11K.
Data Sources and Methodology
This transparency report for Sigma Chi At Miami Corporation 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.