Psi Services of Indiana Inc

Analysis

Psi Services of Indiana Inc is a registered charity in United States, based in Merrillville, IN. It received its IRS tax-exemption ruling in June 2015, 11 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, Psi Services of Indiana Inc reported income of $445k and spending of $508k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $625k to $445k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Psi Services of Indiana Inc 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 68th percentile, and in the 68th percentile within IN. Charities of a similar size with the same main cause include Holmes House Child Care Center Inc ($445k), Shoshoni Senior Citizens Inc ($445k) and Bainbridge Advocacy Individual Network Inc ($445k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 188% of the total. Compensation of current officers, directors and key employees was $22k (4.4% of expenses). Other salaries and wages came to $278k. At year end it held assets of $236k against liabilities of $94k, net assets of $142k.