Psi Beta Inc

Analysis

Psi Beta Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in July 1983, 43 years ago. 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 June 2024, Psi Beta Inc reported income of $84k and spending of $88k, spending 105% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $112k to $84k (-25%), an average of -25% a year. The sharpest change came in the year to June 2024, when income dropped by 25%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Psi Beta Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within KS. Charities of a similar size with the same main cause include Rhea-Richland Senior Neighbors Inc ($84k), Sharon Historical Society Inc ($84k) and Society for Lending Comforts to the Sick of the Township of Smithtown ($84k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 1.9% of the total. At year end it held assets of $129k against liabilities of $722, net assets of $129k.