Psalm 1 3 Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 236,831 | 246,369 | −9,538 | 9.6 | 19% |
| 2021 | 302,437 | 253,018 | 49,419 | 11.7 | 19% |
| 2022 | 288,285 | 245,923 | 42,362 | 14.1 | 20% |
| 2023 | 235,740 | 263,613 | −27,873 | 11.9 | 18% |
In its most recent public year (2023), this organization spent $27,873 more than it brought in. Its reserves stood at about 11.9 months of spending, up from 9.6 in 2020. Staff pay was 18% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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