Psalms Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 24,944,858 | 25,857,871 | −913,013 | -9.0 | 26% |
| 2012 | 26,649,534 | 26,513,550 | 135,984 | -8.6 | 28% |
| 2013 | 27,139,775 | 26,874,043 | 265,732 | -8.4 | 29% |
| 2014 | 27,946,230 | 27,605,156 | 341,074 | -8.0 | 29% |
| 2015 | 28,905,473 | 28,112,769 | 792,704 | -7.5 | 29% |
| 2016 | 28,621,719 | 28,188,466 | 433,253 | -7.3 | 31% |
| 2017 | 30,091,146 | 28,960,689 | 1,130,457 | -6.7 | 31% |
| 2018 | 29,273,846 | 29,723,661 | −449,815 | -6.7 | 31% |
| 2019 | 30,140,651 | 31,203,297 | −1,062,646 | -6.8 | 31% |
| 2020 | 33,983,532 | 30,711,013 | 3,272,519 | -5.7 | 30% |
| 2021 | 27,771,852 | 29,937,046 | −2,165,194 | -6.6 | 28% |
| 2022 | 26,304,402 | 30,249,437 | −3,945,035 | -7.9 | 29% |
In its most recent public year (2022), this organization spent $3,945,035 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-7.9 months), up from -9 in 2011. Staff pay was 29% 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 2022. 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
Psalms Inc's IRS filings as a feed — one entry per filing year, through 2022. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works