Sigma Kappa Sorority
Sigma Kappa Sorority maintains consistent operations with volunteer leadership and balanced finances.
EIN: 204344227 · Carmel, IN · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $223K |
| Total Expenses | $145K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $56,475 |
| Net Assets | $16K |
| Transparency Score | 85/100 |
Is Sigma Kappa Sorority Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sigma Kappa Sorority directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sigma Kappa Sorority
Sigma Kappa Sorority (EIN: 204344227) is a nonprofit organization based in Carmel, IN. The organization reported total revenue of $223K and total assets of $22K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sigma Kappa Sorority's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sigma Kappa Sorority is a small nonprofit that has been operating for 83 years, with 11 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 10.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $133K |
| Total Expenses | $145K |
| Surplus / Deficit | $-11,859 |
| Total Assets | $16K |
| Net Assets | $16K |
| Operating Margin | -8.9% |
| Months of Reserves | 1.3 months |
Financial Health Grade: C
In 2024, Sigma Kappa Sorority reported a deficit of $12K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited).
Financial Trends
Over 11 years of filings (2012–2024), Sigma Kappa Sorority's revenue has grown at a compound annual growth rate (CAGR) of 10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +18.2% | +31.3% | -42.4% |
| 2023 | +16.6% | +38.5% | +8.5% |
| 2022 | +70.9% | -4.2% | +187.2% |
| 2021 | -60.6% | -33.0% | -74.8% |
| 2020 | -2.5% | -13.1% | +17.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1943 |
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 Kappa Sorority 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Sigma Kappa Sorority allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $12K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is run by volunteers. This is highly commendable for an organization of its size, with revenues ranging from $56,475 to $146,799 annually.
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 Kappa Sorority's IRS 990 filings:
- NTEE Code is unknown, limiting understanding of specific programmatic focus.
Strengths
The following positive indicators were identified for Sigma Kappa Sorority:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership.
- Generally balanced revenue and expenses over the past decade.
- Absence of liabilities in most recent filings (e.g., 202405, 202305, 202205), indicating sound financial management.
- Stable asset base relative to its operational size.
Frequently Asked Questions about Sigma Kappa Sorority
Is Sigma Kappa Sorority a legitimate charity?
Sigma Kappa Sorority (EIN: 204344227) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $223K. 1 red flag identified. 4 strengths noted. Financial health grade: C.
How does Sigma Kappa Sorority spend its money?
Sigma Kappa Sorority directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sigma Kappa Sorority tax-deductible?
Sigma Kappa Sorority is registered as a tax-exempt nonprofit (EIN: 204344227). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sigma Kappa Sorority CEO make?
Sigma Kappa Sorority's highest-compensated officer earns $56,475 annually. The organization reported $223K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sigma Kappa Sorority's spending goes to programs?
Sigma Kappa Sorority directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Sigma Kappa Sorority located?
Sigma Kappa Sorority is headquartered in Carmel, Indiana and files with the IRS under EIN 204344227.
How many years of IRS 990 filings does Sigma Kappa Sorority have?
Sigma Kappa Sorority has 11 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 $223K in total revenue.
Is Sigma Kappa Sorority a good charity?
Based on the provided financial data, Sigma Kappa Sorority appears to be a well-managed organization with consistent revenue and expenses, and a strong commitment to volunteer leadership (0% officer compensation). Its financial stability and lack of liabilities in most recent years are positive indicators.
What is the primary purpose of Sigma Kappa Sorority, given its financial data?
While the NTEE code is unknown, the consistent financial activity and volunteer-driven model suggest it operates as a membership-based organization, likely supporting its members through various programs and activities, typical of a sorority.
How has Sigma Kappa Sorority's financial health changed over the past few years?
Sigma Kappa Sorority has shown consistent revenue generation, with a notable increase in revenue from $56,475 in 202105 to $132,980 in 202405. Assets have fluctuated but generally remained stable, indicating a resilient financial position.
Filing History
IRS 990 filing history for Sigma Kappa Sorority showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), Sigma Kappa Sorority's revenue has grown by 227%, moving from $41K to $133K. Total assets increased by 1010.6% over the same period, from $1K to $16K. Total functional expenses rose by 252.9%, from $41K to $145K. In its most recent filing year (2024), Sigma Kappa Sorority reported a deficit of $12K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $133K | $145K | $16K | $0 | — | — |
| 2023 | $113K | $110K | $28K | $0 | — | View 990 |
| 2022 | $97K | $80K | $26K | $0 | — | View 990 |
| 2021 | $56K | $83K | $9K | $0 | — | — |
| 2020 | $143K | $124K | $36K | $0 | — | View 990 |
| 2019 | $147K | $143K | $30K | $14K | — | View 990 |
| 2018 | $117K | $122K | $26K | $13K | — | — |
| 2017 | $119K | $110K | $17K | $0 | — | View 990 |
| 2016 | $109K | $108K | $8K | $0 | — | View 990 |
| 2015 | $98K | $95K | $7K | $0 | — | View 990 |
| 2012 | $41K | $41K | $1K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $133K, expenses of $145K, and assets of $16K (revenue +18.2% year-over-year).
- 2023: Revenue of $113K, expenses of $110K, and assets of $28K (revenue +16.6% year-over-year).
- 2022: Revenue of $97K, expenses of $80K, and assets of $26K (revenue +70.9% year-over-year).
- 2021: Revenue of $56K, expenses of $83K, and assets of $9K (revenue -60.6% year-over-year).
- 2020: Revenue of $143K, expenses of $124K, and assets of $36K (revenue -2.5% year-over-year).
- 2019: Revenue of $147K, expenses of $143K, and assets of $30K (revenue +25.5% year-over-year).
- 2018: Revenue of $117K, expenses of $122K, and assets of $26K (revenue -1.6% year-over-year).
- 2017: Revenue of $119K, expenses of $110K, and assets of $17K (revenue +8.8% year-over-year).
- 2016: Revenue of $109K, expenses of $108K, and assets of $8K (revenue +11.0% year-over-year).
- 2015: Revenue of $98K, expenses of $95K, and assets of $7K (revenue +142.2% year-over-year).
- 2012: Revenue of $41K, expenses of $41K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sigma Kappa Sorority:
Data Sources and Methodology
This transparency report for Sigma Kappa Sorority 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.