Psalm 91 Project Inc

Analysis

Psalm 91 Project Inc is a registered charity in United States, based in Norris City, IL. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Psalm 91 Project Inc reported income of $145k and spending of $120k, spending 83% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $61k to $145k (+139%), an average of +54% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Psalm 91 Project Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include Emmas Education Center ($145k), West Albany Sports Foundation ($145k) and Latin American Theological Seminary ($145k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $48k. At year end it held assets of $91k against liabilities of $35k, net assets of $56k.