Psi World

Analysis

Psi World is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in September 1974, 52 years ago. 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 2021, Psi World reported income of $6.7m and spending of $221k, leaving 97% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $455k to $6.7m (+1384%), an average of +285% a year. The sharpest change came in the year to December 2020, when income dropped by 122%. Over the whole period it spent 13% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Psi World sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Toledo Christian Schools Incorporated ($6.7m), Proprietors of the Social Law Library ($6.7m) and California Emergency Foodlink ($6.7m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 1.0% of the total. At year end it held assets of $7.7m against liabilities of $136k, net assets of $7.5m.