Psalm 128 Missions

Analysis

Psalm 128 Missions is a registered charity in United States, based in Etowah, NC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Psalm 128 Missions reported income of $70k and spending of $71k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $70k (+8.9%), an average of +8.9% a year. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Psalm 128 Missions sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within NC. Charities of a similar size with the same main cause include Spiritual Success Institute Inc ($70k), Cross of Life Inc ($70k) and City Pastors Fellowship ($70k).

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 $2,919 against liabilities of $512, net assets of $2,407.