Psyches of Color

Analysis

Psyches of Color is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Psyches of Color reported income of $116k and spending of $18k, leaving 84% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $11k to $116k (+933%), an average of +933% a year. The sharpest change came in the year to December 2023, when income rose by 933%. Over the whole period it spent 18% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Psyches of Color sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Paynesville Area Senior Center Inc ($116k), Plant a Seed in Our Youth Foundation ($116k) and Maternity Home of the Hudson Valley ($116k).

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 $116k against liabilities of $2,965, net assets of $113k.