Psalm 119 Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 369,031 | 90,573 | 278,458 | 35.8 | 0% |
| 2015 | 386,245 | 252,269 | 133,976 | 19.2 | 0% |
| 2016 | 486,367 | 134,290 | 352,077 | 67.6 | 12% |
| 2017 | 513,543 | 183,182 | 330,361 | 71.4 | 13% |
| 2018 | 527,578 | 97,776 | 429,802 | 184.8 | 36% |
| 2019 | 525,830 | 580,871 | −55,041 | 27.9 | 17% |
| 2020 | 487,433 | 284,897 | 202,536 | 65.9 | 38% |
| 2021 | 378,500 | 339,171 | 39,329 | 68.9 | 29% |
| 2022 | 491,303 | 464,623 | 26,680 | 49.7 | 20% |
| 2023 | 700,815 | 491,184 | 209,631 | 52.9 | 29% |
| 2024 | 732,528 | 654,771 | 77,757 | 43.6 | 21% |
In its most recent public year (2024), this organization brought in $77,757 more than it spent. Its reserves stood at about 43.6 months of spending, up from 35.8 in 2014. Staff pay was 21% 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 2024. 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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