Psalt NK

Analysis

Psalt NK is a registered charity in United States, based in Englewd CLFS, NJ. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Psalt NK reported income of $94k and spending of $116k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $156k to $94k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Psalt NK sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 43rd percentile within NJ. Charities of a similar size with the same main cause include Kumus Cupboard ($94k), Montgomery Education Foundation ($95k) and Dripping Springs Theatre Booster Club Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.