DEMOGRAPHIC
ADDRESS
3535 KIRBY PARKWAY
38115
COUNTY
shelby county, TN
ORGANIZATIONAL OVERVIEW & RANKINGS
PSALMS INC is a based in MEMPHIS, TN, focused on Human Services - Multipurpose and Other causes . Established in November 1982, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $74,159,973.00, this ranks 13,373 among 2,656,690 nonprofits nationally (Top 1%), demonstrating exceptional financial capacity relative to its peers. At the state level, it stands at 216 out of 52,500 organizations in TN (Top 1%).
In shelby county, TN, the organization ranks 46 out of 12,814 nonprofits by assets (Top 1%), while locally in memphis, it stands at 40 among 10,368 organizations (Top 1%).
The organization reported annual revenue of $26,304,402.00, ranking 14,303 nationally (Top 1%) and 252 in TN (Top 1%).
Within its specific NTEE classification (P750 - P: Human Services - Multipurpose and Other), which includes 692 similar organizations, PSALMS INC ranks 228 in assets (Top 33%) and 233 in revenue (Top 34%).
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
Nursing or convalescent home
NTEE COMMON CODE
P: Human Services - Multipurpose and Other
NTEE CODE
N/A
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
8: $10,000,000 to $49,999,999
INCOME AMOUNT
$26,443,621.00
FORM 990 REVENUE AMOUNT
$26,304,402.00
RULING DATE
11/1982
ASSET CODE
9: $50,000,000 to greater
ASSET AMOUNT
$74,159,973.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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