Psi Kyiv Inc

Analysis

Psi Kyiv Inc is a registered charity in United States, based in Ukraine. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2022, Psi Kyiv Inc reported income of $12.0m and spending of $11.7m, spending 97% of its income. Across the 3 years on record, from July 2020 to July 2022, income grew from $1,828 to $12.0m (+656464%), an average of +8003% a year. The sharpest change came in the year to July 2021, when income rose by 1722008%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Psi Kyiv Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile. Charities of a similar size with the same main cause include Oregon State University Bookstore Inc ($12.0m), San Francisco State University Foundation ($12.0m) and Alianza Para LA Educacion Alternativa Inc ($12.0m).

On its Form 990 for the period ending July 2022, revenue came from program service revenue 90% of the total. Compensation of current officers, directors and key employees was $329k (2.8% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $17.5m against liabilities of $2.1m, net assets of $15.4m.