107th Psalm Christian Family Inc

Analysis

107th Psalm Christian Family Inc is a registered charity in United States, based in Groton, NY. It received its IRS tax-exemption ruling in November 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 107th Psalm Christian Family Inc reported income of $90k and spending of $113k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $96k to $90k (-6.2%), an average of -6.2% a year. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 107th Psalm Christian Family Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Our Future First a NJ Nonprofit Corporation ($90k), Friends of the Jewish Community of Tucuman Inc ($90k) and First Assembly of God Church of Terrell TX Adopt-A-Block St Minist ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. At year end it held assets of $180k against liabilities of $245k, net assets of -$65k.