PS I Love You Ministries

Analysis

PS I Love You Ministries is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in December 2017, 9 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, PS I Love You Ministries reported income of $910k and spending of $815k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $211k to $910k (+331%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 154%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, PS I Love You Ministries sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within SC. Charities of a similar size with the same main cause include Bay Ridge Community Development Center Inc ($910k), Lakeland Family Resource Center Inc ($910k) and Coalition of Texans with Disabilities Inc ($910k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $46k (5.7% of expenses). Other salaries and wages came to $116k. At year end it held assets of $671k against liabilities of $133k, net assets of $538k. It reported 8 employees.