Psalms Of Life Inc

Organization Overview

Psalms Of Life Inc is located in Miami Lakes, FL. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Psalms Of Life Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Psalms Of Life Inc generated $80.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $137.8k during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Psalms Of Life Inc has awarded 45 individual grants totaling $497,400. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2023

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ENTITY DISTRIBUTED FUNDS TO 8 OTHER ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501 (C) (3) OF THE CODE IN FURTHERANCE OF ITS CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $37
Dividends & Interest $25,731
Net Rental Income$0
Net Gain on Sale of Assets $54,733
Capital Gain Net Income $54,733
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $2
Total Revenue $80,503

Grants Awarded

Over the last fiscal year, Psalms Of Life Inc has awarded $86,500 in support to 8 organizations.

Grant RecipientAmount

AUBURN UNIVERSITY

PURPOSE: EDUCATIONAL

$30,000

CARRBORO HIGH SCHOOL ATHLETIC BOOST

PURPOSE: EDUCATIONAL

$5,000

CHRIST IN THE ROCKIES

PURPOSE: FUNDING FOR VARIOUS PROGRAMS & PROJ.

$10,000

GOLDEN CORNER FOOD PANTRY

PURPOSE: FUNDING FOR VARIOUS PROGRAMS & PROJ.

$11,500

DURHAM RESCUE MISSION

PURPOSE: FUNDING FOR VARIOUS PROGRAMS & PROJ.

$1,500

WYCLIFFE BIBLE TRANSLATORS

PURPOSE: FUNDING FOR VARIOUS PROGRAMS AND PRO

$7,500
View Grant Profile

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