Xi Beta Of Chi Omega House Corp
Xi Beta Of Chi Omega House Corp faces declining revenue and increasing deficits, maintaining stable assets with no liabilities or officer compensation.
EIN: 10452702 · South China, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4K |
| Total Expenses | $6K |
| Program Spending | 80% |
| Net Assets | $308K |
| Transparency Score | 65/100 |
Is Xi Beta Of Chi Omega House Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Xi Beta Of Chi Omega House Corp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Xi Beta Of Chi Omega House Corp
Xi Beta Of Chi Omega House Corp (EIN: 10452702) is a nonprofit organization based in South China, ME. The organization reported total revenue of $4K and total assets of $305K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Xi Beta Of Chi Omega House Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Xi Beta Of Chi Omega House Corp is a micro nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -32.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $6K |
| Surplus / Deficit | $-4,395 |
| Total Assets | $308K |
| Net Assets | $308K |
| Operating Margin | -330.5% |
| Months of Reserves | 646.1 months |
Financial Health Grade: B
In 2023, Xi Beta Of Chi Omega House Corp reported a deficit of $4K with expenses exceeding revenue, holds 646.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Xi Beta Of Chi Omega House Corp's revenue has declined at a compound annual growth rate (CAGR) of -32.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.6% | +2.6% | -1.4% |
| 2022 | -49.6% | +184.8% | -1.4% |
| 2021 | -84.8% | -81.4% | +0.1% |
| 2020 | -79.7% | -77.7% | +2.0% |
| 2019 | -51.6% | -64.6% | +8.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Xi Beta Of Chi Omega House Corp with a Mission Score of 65 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: 80%
- fundraising: 0%
According to IRS 990 filings, Xi Beta Of Chi Omega House Corp allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that the organization is likely volunteer-run at the executive level, which is a positive for minimizing administrative costs.
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 Xi Beta Of Chi Omega House Corp's IRS 990 filings:
- Significant and consistent operating deficits in recent years (e.g., $1,330 revenue vs. $5,725 expenses in 2023).
- Sharp decline in revenue from $150,232 in 2018 to $1,330 in 2023, indicating potential sustainability challenges.
- Lack of detailed program spending information makes it difficult to assess program efficiency.
Strengths
The following positive indicators were identified for Xi Beta Of Chi Omega House Corp:
- Zero reported liabilities across all filings, indicating a strong balance sheet from a debt perspective.
- Zero officer compensation, suggesting a volunteer-driven leadership and low administrative overhead.
- Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
- Stable asset base around $300,000, providing some financial buffer despite revenue declines.
Frequently Asked Questions about Xi Beta Of Chi Omega House Corp
Is Xi Beta Of Chi Omega House Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Xi Beta Of Chi Omega House Corp (EIN: 10452702) some concerns. Mission Score: 65/100. 3 red flags identified, 4 strengths noted.
How does Xi Beta Of Chi Omega House Corp spend its money?
Xi Beta Of Chi Omega House Corp directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Xi Beta Of Chi Omega House Corp tax-deductible?
Xi Beta Of Chi Omega House Corp is registered as a tax-exempt nonprofit (EIN: 10452702). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Xi Beta Of Chi Omega House Corp located?
Xi Beta Of Chi Omega House Corp is headquartered in South China, Maine and files with the IRS under EIN 10452702.
How many years of IRS 990 filings does Xi Beta Of Chi Omega House Corp have?
Xi Beta Of Chi Omega House Corp 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 $4K in total revenue.
What is the specific mission of Xi Beta Of Chi Omega House Corp and how are its expenses allocated to achieve it?
The provided data does not include the organization's NTEE code or detailed program descriptions, making it difficult to ascertain its specific mission and how the reported expenses (e.g., $5,725 in 2023) are directly applied to program activities.
How does Xi Beta Of Chi Omega House Corp plan to address its consistent operating deficits?
In 2023, expenses ($5,725) significantly exceeded revenue ($1,330), continuing a trend seen in 2022 and 2017. The organization will need to either increase revenue or reduce expenses to achieve financial sustainability.
What is the nature of the organization's assets, which have remained stable around $300,000 despite revenue fluctuations?
The filings show assets consistently around $300,000 (e.g., $308,245 in 2023), but the specific composition of these assets (e.g., property, investments) is not detailed in the provided summary.
Filing History
IRS 990 filing history for Xi Beta Of Chi Omega House Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Xi Beta Of Chi Omega House Corp's revenue has declined by 99.1%, moving from $143K to $1K. Total assets increased by 56.1% over the same period, from $197K to $308K. Total functional expenses fell by 95.7%, from $132K to $6K. In its most recent filing year (2023), Xi Beta Of Chi Omega House Corp reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1K | $6K | $308K | $0 | — | — |
| 2022 | $1K | $6K | $313K | $0 | — | — |
| 2021 | $2K | $2K | $317K | $0 | — | — |
| 2020 | $15K | $11K | $317K | $0 | — | View 990 |
| 2019 | $73K | $47K | $311K | $0 | — | View 990 |
| 2018 | $150K | $134K | $285K | $0 | — | View 990 |
| 2017 | $127K | $145K | $278K | $0 | — | View 990 |
| 2016 | $176K | $159K | $295K | $0 | — | View 990 |
| 2015 | $140K | $148K | $278K | $0 | — | View 990 |
| 2014 | $95K | $110K | $286K | $0 | — | View 990 |
| 2013 | $189K | $127K | $302K | $0 | — | View 990 |
| 2012 | $159K | $116K | $240K | $0 | — | View 990 |
| 2011 | $143K | $132K | $197K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1K, expenses of $6K, and assets of $308K (revenue +17.6% year-over-year).
- 2022: Revenue of $1K, expenses of $6K, and assets of $313K (revenue -49.6% year-over-year).
- 2021: Revenue of $2K, expenses of $2K, and assets of $317K (revenue -84.8% year-over-year).
- 2020: Revenue of $15K, expenses of $11K, and assets of $317K (revenue -79.7% year-over-year).
- 2019: Revenue of $73K, expenses of $47K, and assets of $311K (revenue -51.6% year-over-year).
- 2018: Revenue of $150K, expenses of $134K, and assets of $285K (revenue +17.8% year-over-year).
- 2017: Revenue of $127K, expenses of $145K, and assets of $278K (revenue -27.8% year-over-year).
- 2016: Revenue of $176K, expenses of $159K, and assets of $295K (revenue +26.5% year-over-year).
- 2015: Revenue of $140K, expenses of $148K, and assets of $278K (revenue +47.5% year-over-year).
- 2014: Revenue of $95K, expenses of $110K, and assets of $286K (revenue -49.9% year-over-year).
- 2013: Revenue of $189K, expenses of $127K, and assets of $302K (revenue +19.2% year-over-year).
- 2012: Revenue of $159K, expenses of $116K, and assets of $240K (revenue +11.1% year-over-year).
- 2011: Revenue of $143K, expenses of $132K, and assets of $197K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Xi Beta Of Chi Omega House Corp:
Data Sources and Methodology
This transparency report for Xi Beta Of Chi Omega House Corp 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.