Theta Chi Fraternity Group
EIN: 462201056 · Newport, KY
| Metric | Value |
|---|---|
| Total Revenue | $80K |
| Total Expenses | $85K |
| Net Assets | $9K |
Is Theta Chi Fraternity Group Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Theta Chi Fraternity Group
Theta Chi Fraternity Group (EIN: 462201056) is a nonprofit organization based in Newport, KY. The organization reported total revenue of $80K and total assets of $14K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Theta Chi Fraternity Group's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Theta Chi Fraternity Group is a micro nonprofit that has been operating for 60 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $81K |
| Total Expenses | $85K |
| Surplus / Deficit | $-4,123 |
| Total Assets | $9K |
| Net Assets | $9K |
| Operating Margin | -5.1% |
| Months of Reserves | 1.2 months |
Financial Health Grade: C
In 2023, Theta Chi Fraternity Group reported a deficit of $4K with expenses exceeding revenue, holds 1.2 months of operating reserves (limited).
Financial Trends
Over 7 years of filings (2017–2023), Theta Chi Fraternity Group's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.8% | +22.0% | -32.5% |
| 2022 | +78.4% | +97.6% | +73.5% |
| 2021 | +10.0% | -25.5% | +1329.5% |
| 2020 | -49.5% | -34.7% | -94.7% |
| 2019 | -20.4% | -20.7% | +51.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Theta Chi Fraternity Group has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Theta Chi Fraternity Group with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
Frequently Asked Questions about Theta Chi Fraternity Group
Is Theta Chi Fraternity Group a legitimate charity?
Based on AI analysis of IRS 990 filings, Theta Chi Fraternity Group (EIN: 462201056) insufficient data. 0 red flags identified, 0 strengths noted.
How does Theta Chi Fraternity Group spend its money?
Detailed spending breakdown data is not yet available for Theta Chi Fraternity Group. Check back for updated IRS 990 analysis.
Are donations to Theta Chi Fraternity Group tax-deductible?
Theta Chi Fraternity Group is registered as a tax-exempt nonprofit (EIN: 462201056). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Theta Chi Fraternity Group located?
Theta Chi Fraternity Group is headquartered in Newport, Kentucky and files with the IRS under EIN 462201056.
How many years of IRS 990 filings does Theta Chi Fraternity Group have?
Theta Chi Fraternity Group has 7 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 $80K in total revenue.
Filing History
IRS 990 filing history for Theta Chi Fraternity Group showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Theta Chi Fraternity Group's revenue has declined by 5.6%, moving from $86K to $81K. Total assets increased by 230.8% over the same period, from $3K to $9K. Total functional expenses rose by 0.6%, from $84K to $85K. In its most recent filing year (2023), Theta Chi Fraternity Group reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $81K | $85K | $9K | $0 | — | — |
| 2022 | $75K | $70K | $13K | $0 | — | — |
| 2021 | $42K | $35K | $7K | $0 | — | — |
| 2020 | $38K | $47K | $511 | $0 | — | View 990 |
| 2019 | $76K | $72K | $10K | $0 | — | View 990 |
| 2018 | $95K | $91K | $6K | $0 | — | View 990 |
| 2017 | $86K | $84K | $3K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $81K, expenses of $85K, and assets of $9K (revenue +7.8% year-over-year).
- 2022: Revenue of $75K, expenses of $70K, and assets of $13K (revenue +78.4% year-over-year).
- 2021: Revenue of $42K, expenses of $35K, and assets of $7K (revenue +10.0% year-over-year).
- 2020: Revenue of $38K, expenses of $47K, and assets of $511 (revenue -49.5% year-over-year).
- 2019: Revenue of $76K, expenses of $72K, and assets of $10K (revenue -20.4% year-over-year).
- 2018: Revenue of $95K, expenses of $91K, and assets of $6K (revenue +11.0% year-over-year).
- 2017: Revenue of $86K, expenses of $84K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Theta Chi Fraternity Group:
Data Sources and Methodology
This transparency report for Theta Chi Fraternity Group 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.