Psalmist Mission Inc

Analysis

Psalmist Mission Inc is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Psalmist Mission Inc reported income of $163k and spending of $134k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $163k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 63% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Psalmist Mission Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Koinonia Jurisdiction of Pennsylvania ($163k), Mark Trammell Outreach Inc ($163k) and Bay Area Vipassana Center ($163k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $153k against liabilities of $610, net assets of $152k.