P S I Love You

Analysis

P S I Love You is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, P S I Love You reported income of $267k and spending of $161k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $199k to $267k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, P S I Love You sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include JDH Charity Fund Inc ($267k), Pink Bows Foundation ($267k) and Kurt Warner First Things First Foundation ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $78k (48% of expenses). At year end it held assets of $389k against liabilities of $3,285, net assets of $386k.