Psalm 51 Ranch Inc

Analysis

Psalm 51 Ranch Inc is a registered charity in United States, based in Millersburg, IN. It received its IRS tax-exemption ruling in December 2020, 6 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, Psalm 51 Ranch Inc reported income of $494k and spending of $475k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $851k to $494k (-42%), an average of -24% a year. The sharpest change came in the year to December 2023, when income rose by 168%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Psalm 51 Ranch Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IN. Charities of a similar size with the same main cause include Grasp ($494k), Ministerio de Evangelizacion Catolico Jesus Esta Vivo Corp ($494k) and Chestnut Hill Foundation Inc ($494k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (19% of expenses). Other salaries and wages came to $107k. At year end it held assets of $420k against liabilities of $4,252, net assets of $416k. It reported 5 employees.