Psi Services III Inc

Analysis

Psi Services III Inc is a registered charity in United States, based in Hyattsville, MD. It received its IRS tax-exemption ruling in December 2000, 26 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 June 2023, Psi Services III Inc reported income of $12.7m and spending of $11.4m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.5m to $12.7m (+9.8%), an average of +2.4% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Psi Services III Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Urban Jacksonville Inc ($12.7m), East Hawaii State Veterans Home ($12.7m) and Young Mens Christian Association of Dane County Inc ($12.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $845k (7.4% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $8.5m against liabilities of $6.5m, net assets of $2.0m. It reported 116 employees.