Psalm 823 Mission Inc

Analysis

Psalm 823 Mission Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2022, Psalm 823 Mission Inc reported income of $265k and spending of $303k, spending 114% of what it took in. Across the 3 years on record, from December 2020 to June 2022, income fell from $414k to $265k (-36%), an average of -20% a year. The sharpest change came in the year to June 2022, when income dropped by 59%. Over the whole period it spent 93% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Psalm 823 Mission Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within KY. Charities of a similar size with the same main cause include Cepad USA Inc ($265k), Christian Agricultural Mission ($265k) and Tropics Foundation Inc ($265k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $34k (11% of expenses). It paid $7,408 in professional fundraising fees. At year end it held assets of $207k against liabilities of $9,525, net assets of $198k. It reported 1 employees.