Sigma Phi Society Inc
Sigma Phi Society Inc maintains stable operations with fluctuating revenues and declining assets, reporting no officer compensation.
EIN: 135392442 · Tucson, AZ · Updated: 2026-03-28
Is Sigma Phi Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sigma Phi Society Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Sigma Phi Society Inc
Sigma Phi Society Inc (EIN: 135392442) is a nonprofit organization based in Tucson, AZ. The organization reported total revenue of $93K and total assets of $247K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sigma Phi Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sigma Phi Society Inc is a micro nonprofit that has been operating for 83 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $113K |
| Total Expenses | $111K |
| Surplus / Deficit | +$2K |
| Total Assets | $244K |
| Total Liabilities | $1K |
| Net Assets | $243K |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 26.4 months |
Financial Health Grade: A
In 2023, Sigma Phi Society Inc reported a surplus of $2K with revenue exceeding expenses, holds 26.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sigma Phi Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.0% | -9.2% | +9.2% |
| 2022 | +30.7% | +89.5% | -13.4% |
| 2021 | +85.2% | -39.1% | +16.9% |
| 2020 | -67.0% | +8.6% | -19.0% |
| 2019 | -3.6% | -24.1% | +21.5% |
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 Phi Society Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Sigma Phi Society Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is highly favorable for minimizing administrative costs relative to 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 Phi Society Inc's IRS 990 filings:
- Significant decline in total assets over the past decade (from $443,538 in 2014 to $243,718 in 2023).
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data, hindering full spending efficiency analysis.
- Revenue volatility, with significant year-to-year changes (e.g., $43,136 in 2020 to $112,777 in 2023).
Strengths
The following positive indicators were identified for Sigma Phi Society Inc:
- Consistent reporting of 0% officer compensation, indicating low administrative overhead at the executive level.
- Low and stable liabilities, typically under $10,000, suggesting good debt management.
- Consistent filing of IRS Form 990s, demonstrating regulatory compliance and transparency in reporting.
- Generally positive net income in recent years (e.g., 2023 and 2021), indicating operational sustainability.
Frequently Asked Questions about Sigma Phi Society Inc
Is Sigma Phi Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sigma Phi Society Inc (EIN: 135392442) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Sigma Phi Society Inc spend its money?
Sigma Phi Society Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sigma Phi Society Inc tax-deductible?
Sigma Phi Society Inc is registered as a tax-exempt nonprofit (EIN: 135392442). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific program services provided by Sigma Phi Society Inc?
The provided IRS 990 data does not detail the specific program services. Further investigation into their mission statement or public disclosures would be necessary.
Why have the organization's assets declined significantly since 2014?
Assets have decreased from $443,538 in 2014 to $243,718 in 2023. This could be due to asset depreciation, strategic spending from reserves, or divestment, but the specific reasons are not detailed in the provided financial summaries.
What is the breakdown of expenses into program, administrative, and fundraising categories?
The provided data does not offer a functional expense breakdown. Without this detail, it is challenging to precisely assess spending efficiency across different categories.
How does the organization manage its revenue volatility?
The organization experiences significant revenue fluctuations (e.g., $43,136 in 2020 vs. $172,775 in 2017). While not explicitly detailed, the consistent asset base (despite decline) and low liabilities suggest some level of financial planning to absorb these variations.
Filing History
IRS 990 filing history for Sigma Phi Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sigma Phi Society Inc's revenue has grown by 11.3%, moving from $101K to $113K. Total assets decreased by 22.5% over the same period, from $315K to $244K. Total functional expenses rose by 40%, from $79K to $111K. In its most recent filing year (2023), Sigma Phi Society Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $1K in liabilities against $244K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $243K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $113K | $111K | $244K | $1K | — | — |
| 2022 | $104K | $122K | $223K | $1K | — | View 990 |
| 2021 | $80K | $64K | $258K | $2K | — | View 990 |
| 2020 | $43K | $106K | $221K | $5K | — | — |
| 2019 | $131K | $98K | $272K | $6K | — | — |
| 2018 | $136K | $128K | $224K | $4K | — | View 990 |
| 2017 | $173K | $186K | $256K | $24K | — | View 990 |
| 2016 | $159K | $194K | $333K | $4K | — | View 990 |
| 2015 | $149K | $157K | $342K | $9K | — | View 990 |
| 2014 | $74K | $78K | $444K | $9K | — | View 990 |
| 2013 | $94K | $85K | $416K | $11K | — | View 990 |
| 2012 | $62K | $90K | $302K | $10K | — | View 990 |
| 2011 | $101K | $79K | $315K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $113K, expenses of $111K, and assets of $244K (revenue +8.0% year-over-year).
- 2022: Revenue of $104K, expenses of $122K, and assets of $223K (revenue +30.7% year-over-year).
- 2021: Revenue of $80K, expenses of $64K, and assets of $258K (revenue +85.2% year-over-year).
- 2020: Revenue of $43K, expenses of $106K, and assets of $221K (revenue -67.0% year-over-year).
- 2019: Revenue of $131K, expenses of $98K, and assets of $272K (revenue -3.6% year-over-year).
- 2018: Revenue of $136K, expenses of $128K, and assets of $224K (revenue -21.6% year-over-year).
- 2017: Revenue of $173K, expenses of $186K, and assets of $256K (revenue +8.4% year-over-year).
- 2016: Revenue of $159K, expenses of $194K, and assets of $333K (revenue +7.1% year-over-year).
- 2015: Revenue of $149K, expenses of $157K, and assets of $342K (revenue +101.0% year-over-year).
- 2014: Revenue of $74K, expenses of $78K, and assets of $444K (revenue -21.5% year-over-year).
- 2013: Revenue of $94K, expenses of $85K, and assets of $416K (revenue +51.3% year-over-year).
- 2012: Revenue of $62K, expenses of $90K, and assets of $302K (revenue -38.5% year-over-year).
- 2011: Revenue of $101K, expenses of $79K, and assets of $315K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sigma Phi Society Inc:
Data Sources and Methodology
This transparency report for Sigma Phi Society Inc 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.