Psephos Inc

Analysis

Psephos Inc is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Psephos Inc reported income of $84k and spending of $100k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $452k to $84k (-81%), an average of -34% a year. The sharpest change came in the year to December 2023, when income rose by 588%. Over the whole period it spent 101% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Psephos Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include Refugee Assistance Partners NJ Nonprofit Corporation ($84k), Onslow County Peers Program ($84k) and Eddie Nash Foundation ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,233 against liabilities of $22k, net assets of -$13k.