PSL Foundation

Analysis

PSL Foundation is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2023, PSL Foundation reported income of $371k and spending of $19k, leaving 95% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $310k to $371k (+20%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 9.1% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, PSL Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within SC. Charities of a similar size with the same main cause include Cleansing Stream Ministries Inc ($371k), Pledges Inc ($371k) and Retiree Housing of St Louis Inc ($371k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. At year end it held assets of $620k against liabilities of $0, net assets of $620k.