Personal Solutions Inc

Analysis

Personal Solutions Inc is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 2022, Personal Solutions Inc reported income of $477k and spending of $458k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $398k to $477k (+20%), an average of +6.2% a year. Over the whole period it spent 99% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Personal Solutions Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within LA. Charities of a similar size with the same main cause include Penryn Fire Company ($477k), Saint George Volunteer Firemens Ass Ociation ($477k) and Brunswick Volunteer Fire Company Incorporated ($477k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $324k. At year end it held assets of $98k against liabilities of $12k, net assets of $86k. It reported 9 employees.