Psalm 33 Inc
Psalm 33 Inc. consistently operates on tight margins with zero reported officer compensation, showing steady revenue growth.
EIN: 20464453 · Greenfield, NH · NTEE: P82Z · Updated: 2026-03-28
Is Psalm 33 Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Psalm 33 Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Psalm 33 Inc
Psalm 33 Inc (EIN: 20464453) is a nonprofit organization based in Greenfield, NH, classified under NTEE code P82Z. The organization reported total revenue of $321K and total assets of $42K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Psalm 33 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Psalm 33 Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Psalm 33 Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through means not reported as officer compensation on the 990-EZ, which is a strong positive for a small organization of this size (latest revenue $321,161).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Psalm 33 Inc's IRS 990 filings:
- Liabilities increased significantly in the latest period (from $14,351 in 202006 to $27,805 in 202106), though still manageable relative to assets.
Strengths
The following positive indicators were identified for Psalm 33 Inc:
- Consistent revenue growth over the past decade, from $190,631 in 201206 to $321,161 in 202106.
- Zero reported officer compensation across all 11 filings, indicating a strong commitment to mission-focused spending.
- Expenses are closely aligned with revenue, demonstrating efficient financial management (e.g., $306,689 expenses vs. $321,161 revenue in 202106).
- Positive net assets in the latest filing ($42,469 assets vs. $27,805 liabilities in 202106).
- Steady increase in assets over recent years, from $14,543 in 202006 to $42,469 in 202106.
Frequently Asked Questions about Psalm 33 Inc
Is Psalm 33 Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Psalm 33 Inc (EIN: 20464453) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Psalm 33 Inc spend its money?
Psalm 33 Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Psalm 33 Inc tax-deductible?
Psalm 33 Inc is registered as a tax-exempt nonprofit (EIN: 20464453). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Psalm 33 Inc. financially stable?
Yes, Psalm 33 Inc. appears financially stable. Its revenue has consistently grown over the past decade, reaching $321,161 in 202106, and expenses are closely managed, indicating a sustainable operational model.
How does Psalm 33 Inc. manage executive compensation?
Psalm 33 Inc. reports 0% officer compensation across all available filings, suggesting that its leadership is either volunteer-based or compensated through non-officer means, which is a positive indicator for donor funds being directed to the mission.
Has Psalm 33 Inc.'s asset base grown?
Yes, the organization's assets have shown growth, increasing from $14,543 in 202006 to $42,469 in 202106, indicating an accumulation of resources.
What is the trend in Psalm 33 Inc.'s revenue?
Psalm 33 Inc. has demonstrated a consistent upward trend in revenue, growing from $190,631 in 201206 to $321,161 in 202106.
Filing History
IRS 990 filing history for Psalm 33 Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Psalm 33 Inc's revenue has grown by 64.6%, moving from $195K to $321K. Total assets increased by 246.9% over the same period, from $12K to $42K. Total functional expenses rose by 54.8%, from $198K to $307K. In its most recent filing year (2021), Psalm 33 Inc reported a surplus of $14K, with revenue exceeding expenses. The organization holds $28K in liabilities against $42K in assets (debt-to-asset ratio: 65.5%), resulting in net assets of $15K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2021 | $321K | $307K | $42K | $28K | — | — |
| 2020 | $291K | $287K | $15K | $14K | — | View 990 |
| 2019 | $289K | $288K | $13K | $17K | — | View 990 |
| 2018 | $271K | $264K | $9K | $14K | — | View 990 |
| 2017 | $276K | $306K | $27K | $38K | — | View 990 |
| 2016 | $249K | $227K | $47K | $29K | — | View 990 |
| 2015 | $200K | $196K | $19K | $23K | — | View 990 |
| 2014 | $192K | $194K | $10K | $17K | — | View 990 |
| 2013 | $196K | $201K | $14K | $20K | — | View 990 |
| 2012 | $191K | $194K | $18K | $19K | — | View 990 |
| 2011 | $195K | $198K | $12K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $321K, expenses of $307K, and assets of $42K (revenue +10.4% year-over-year).
- 2020: Revenue of $291K, expenses of $287K, and assets of $15K (revenue +0.7% year-over-year).
- 2019: Revenue of $289K, expenses of $288K, and assets of $13K (revenue +6.7% year-over-year).
- 2018: Revenue of $271K, expenses of $264K, and assets of $9K (revenue -2.0% year-over-year).
- 2017: Revenue of $276K, expenses of $306K, and assets of $27K (revenue +10.8% year-over-year).
- 2016: Revenue of $249K, expenses of $227K, and assets of $47K (revenue +24.9% year-over-year).
- 2015: Revenue of $200K, expenses of $196K, and assets of $19K (revenue +3.7% year-over-year).
- 2014: Revenue of $192K, expenses of $194K, and assets of $10K (revenue -2.0% year-over-year).
- 2013: Revenue of $196K, expenses of $201K, and assets of $14K (revenue +3.1% year-over-year).
- 2012: Revenue of $191K, expenses of $194K, and assets of $18K (revenue -2.3% year-over-year).
- 2011: Revenue of $195K, expenses of $198K, and assets of $12K.
Data Sources and Methodology
This transparency report for Psalm 33 Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.