Psi Alpha Scholarship Foundation

Analysis

Psi Alpha Scholarship Foundation is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Alpha Scholarship Foundation reported income of $305k and spending of $411k, spending 135% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $104k to $305k (+192%), an average of +71% a year. The sharpest change came in the year to December 2022, when income rose by 152%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Psi Alpha Scholarship Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include American Legion Jersey Boys State ($305k), Michilimackinac Historical Society ($305k) and National Black Contrtrs Assoc of US ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. At year end it held assets of $381k against liabilities of $0, net assets of $381k.