Sigma Kappa Sorority
Sigma Kappa Sorority maintains consistent revenue with fluctuating net income and zero officer compensation.
EIN: 205436509 · Carmel, IN · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $194K |
| Total Expenses | $178K |
| Program Spending | 80% |
| Net Assets | $49K |
| Transparency Score | 75/100 |
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: 205436509) is a nonprofit organization based in Carmel, IN. The organization reported total revenue of $194K and total assets of $39K 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, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $170K |
| Total Expenses | $178K |
| Surplus / Deficit | $-7,960 |
| Total Assets | $49K |
| Net Assets | $49K |
| Operating Margin | -4.7% |
| Months of Reserves | 3.3 months |
Financial Health Grade: B
In 2024, Sigma Kappa Sorority reported a deficit of $8K with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2012–2024), Sigma Kappa Sorority's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.6% | +30.3% | -14.1% |
| 2023 | -5.7% | -24.8% | +48.3% |
| 2022 | +35.7% | +65.1% | -31.0% |
| 2021 | -27.0% | -23.4% | +25.3% |
| 2020 | -3.4% | -23.2% | +102.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 75 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: 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 $8K, with expenses exceeding revenue.
Executive Compensation Analysis
Sigma Kappa Sorority consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based and that no organizational funds are allocated to executive salaries, which is highly favorable for a nonprofit of its size.
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:
- Expenses exceeded revenue in multiple recent periods (e.g., 202405, 202205), indicating potential for operating deficits.
- Fluctuating and sometimes low asset base, suggesting limited financial reserves for future operations or unexpected events.
Strengths
The following positive indicators were identified for Sigma Kappa Sorority:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Zero liabilities reported in most recent filings, demonstrating strong debt management.
- Consistent filing of IRS Form 990s over 13 periods, showing commitment to transparency and compliance.
Frequently Asked Questions about Sigma Kappa Sorority
Is Sigma Kappa Sorority a legitimate charity?
Sigma Kappa Sorority (EIN: 205436509) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $194K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
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: 205436509). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
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 205436509.
How many years of IRS 990 filings does Sigma Kappa Sorority have?
Sigma Kappa Sorority 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 $194K in total revenue.
Is Sigma Kappa Sorority financially stable?
The organization shows consistent revenue streams, but net income fluctuates, with expenses exceeding revenue in several recent periods (e.g., 202405, 202205). While liabilities are often zero, the relatively low asset base in recent years suggests limited financial reserves.
How does Sigma Kappa Sorority manage its liabilities?
Sigma Kappa Sorority has consistently reported $0 in liabilities in most recent filings (2019-2024), indicating a strong ability to manage debt and maintain a healthy balance sheet. Earlier periods (2016-2018) showed some liabilities, but these have been eliminated.
What is the trend in Sigma Kappa Sorority's assets?
Assets have fluctuated significantly, from a low of $21,802 in 2019 to a high of $176,714 in 2018. The latest reported assets are $39,192, which is on the lower end of its historical range, suggesting limited accumulation of reserves.
Filing History
IRS 990 filing history for Sigma Kappa Sorority showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Sigma Kappa Sorority's revenue has grown by 66.9%, moving from $102K to $170K. Total assets increased by 31.8% over the same period, from $37K to $49K. Total functional expenses rose by 116.1%, from $82K to $178K. In its most recent filing year (2024), Sigma Kappa Sorority reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $170K | $178K | $49K | $0 | — | — |
| 2023 | $155K | $136K | $57K | $0 | — | — |
| 2022 | $164K | $181K | $38K | $0 | — | View 990 |
| 2021 | $121K | $110K | $55K | $0 | — | — |
| 2020 | $166K | $143K | $44K | $0 | — | View 990 |
| 2019 | $172K | $187K | $22K | $0 | — | View 990 |
| 2018 | $210K | $209K | $177K | $140K | — | View 990 |
| 2017 | $209K | $202K | $138K | $102K | — | View 990 |
| 2016 | $210K | $207K | $53K | $25K | — | View 990 |
| 2015 | $194K | $205K | $26K | $0 | — | View 990 |
| 2014 | $89K | $95K | $36K | $0 | — | View 990 |
| 2013 | $105K | $101K | $41K | $0 | — | View 990 |
| 2012 | $102K | $82K | $37K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $170K, expenses of $178K, and assets of $49K (revenue +9.6% year-over-year).
- 2023: Revenue of $155K, expenses of $136K, and assets of $57K (revenue -5.7% year-over-year).
- 2022: Revenue of $164K, expenses of $181K, and assets of $38K (revenue +35.7% year-over-year).
- 2021: Revenue of $121K, expenses of $110K, and assets of $55K (revenue -27.0% year-over-year).
- 2020: Revenue of $166K, expenses of $143K, and assets of $44K (revenue -3.4% year-over-year).
- 2019: Revenue of $172K, expenses of $187K, and assets of $22K (revenue -18.4% year-over-year).
- 2018: Revenue of $210K, expenses of $209K, and assets of $177K (revenue +0.6% year-over-year).
- 2017: Revenue of $209K, expenses of $202K, and assets of $138K (revenue -0.3% year-over-year).
- 2016: Revenue of $210K, expenses of $207K, and assets of $53K (revenue +7.9% year-over-year).
- 2015: Revenue of $194K, expenses of $205K, and assets of $26K (revenue +117.7% year-over-year).
- 2014: Revenue of $89K, expenses of $95K, and assets of $36K (revenue -14.8% year-over-year).
- 2013: Revenue of $105K, expenses of $101K, and assets of $41K (revenue +3.0% year-over-year).
- 2012: Revenue of $102K, expenses of $82K, and assets of $37K.
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.