Psalm 91 Ministries LLC

Analysis

Psalm 91 Ministries LLC is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Psalm 91 Ministries LLC reported income of $260k and spending of $183k, leaving 30% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $65k to $260k (+298%), an average of +99% a year. The sharpest change came in the year to December 2023, when income rose by 141%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Psalm 91 Ministries LLC sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Greenwich Art Society Inc ($260k), Kingdom Access Television ($260k) and Women Helping Women Fund Tri-Cities ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $118k against liabilities of $0, net assets of $118k.