City Psalms

Analysis

City Psalms is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, City Psalms reported income of $98k and spending of $96k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $98k (+78%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, City Psalms sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within AZ. Charities of a similar size with the same main cause include Christians for Mission Inc ($98k), Unitarian Universalist Justice Ministry of North Carolina ($98k) and International Missions Project Inc ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 13% of the total. At year end it held assets of $6,914 against liabilities of $1,829, net assets of $5,085.