Psalm 1 3 Ministries
Only null% goes to programs Strong reserves Declining revenue
Psalm 1 3 Ministries is a 501(c)(3) organization based in Amarillo, Texas, registered in 2003, with $233,154 in FY2024 revenue. CharityIndex grades it B.
Po Box 19368, Amarillo, TX, 79114 EIN 04-3757377 Since 2003
Revenue (FY2024)
$233K
▼ 1.1% vs prior year
Religion median: $139K
Expenses (FY2024)
$234K
Net assets
$260K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Psalm 1 3 Ministries— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating13 mo reserves · -0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Psalm 1 3 Ministries: 13 mo reserves · -0% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Psalm 1 3 Ministries— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Psalm 1 3 Ministries: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
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Contact & location
- Address
- Po Box 19368, Amarillo, TX, 79114
- City
- Amarillo
- State
- Texas
- Category
- Religion-Related
- Subcategory
- Religious Organizations
- Website
- …
Financial trends
Revenue grew from $98K (FY2010) to $233K (FY2024) across 13 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4,840Net assets $260K
Operating margin
-0.2%
Spent more than it raised in the latest fiscal year.
Total assets
$265K
Total liabilities
$4,840
Net assets
$260K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $233,154▼1.1% | $233,535▼11.4% | $260,477▼0.1% | $265,317▲0.9% | 990 |
| 2023 | $235,740▼18.2% | $263,613▲7.2% | $260,858▼9.7% | $263,021▼13.0% | 990 |
| 2022 | $288,285▼4.7% | $245,923▼2.8% | $288,731▲17.2% | $302,329▲10.9% | 990 |
| 2021 | $302,437▲27.7% | $253,018▲2.7% | $246,369▲25.1% | $272,680▲18.3% | 990 |
| 2020 | $236,831▼24.7% | $246,369▼10.6% | $196,950▼4.6% | $230,535▼4.1% | 990 |
| 2019 | $314,473▼2.1% | $275,664▲5.9% | $206,488▲23.1% | $240,390▲41.6% | 990 |
| 2018 | $321,073▲29.2% | $260,188▲0.5% | $167,679▲57.0% | $169,719▲40.8% | 990 |
| 2017 | $248,591▲30.9% | $258,920▼1.5% | $106,794▼8.8% | $120,540▼8.6% | 990 |
| 2016 | $189,870▼36.6% | $262,808▼2.1% | $117,123▼38.4% | $131,852▼36.0% | 990 |
| 2015 | $299,678▼4.5% | $268,419▲15.2% | $190,061▲19.7% | $206,016▲15.0% | 990 |
| 2014 | $313,730▲46.7% | $232,927▲3.5% | $158,802▲104% | $179,122▲74.7% | 990 |
| 2013 | $213,792 | $224,970▼1.6% | $77,999▼12.5% | $102,556▲14.2% | 990 |
| 2012 | — | $228,669▲46.6% | $89,177▼22.5% | $89,771▼22.7% | 990 |
| 2011 | — | $156,024▲43.2% | $115,050▲125% | $116,150▲127% | 990 |
| 2010 | $97,793 | $108,948 | $51,132 | $51,132 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $186K total
9 grants to Psalm 1 3 Ministries totaling $186K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Orphan care | 2024 | $55,000 |
| National Christian Charitable Foundation | Poverty | 2022 | $20,000 |
| National Christian Charitable Foundation | Poverty | 2022 | $20,000 |
| National Christian Charitable Foundation | Poverty | 2021 | $35,000 |
| National Christian Charitable Foundation | Poverty | 2019 | $15,000 |
| National Christian Charitable Foundation | Poverty | 2018 | $15,000 |
| National Christian Charitable Foundation | Poverty | 2017 | $10,000 |
| National Christian Charitable Foundation | Poverty and disaster relief | 2016 | $15,000 |
| National Christian Charitable Foundation | Poverty and disaster relief | 2015 | $1,000 |
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Frequently asked questions
- Is Psalm 1 3 Ministries a legitimate nonprofit?
- Yes. Psalm 1 3 Ministries is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-3757377, based in Amarillo, Texas. Donations are tax-deductible.
- What is Psalm 1 3 Ministries's EIN?
- Psalm 1 3 Ministries's Employer Identification Number (EIN) is 04-3757377.
- How much revenue does Psalm 1 3 Ministries report?
- Psalm 1 3 Ministries reported $233,154 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Psalm 1 3 Ministries have?
- CharityIndex grades Psalm 1 3 Ministries B, based on financial health (reserves and operating margin).
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Data for Psalm 1 3 Ministries (EIN 04-3757377) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.