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Filing year 2024

PSALMS OF LIFE INC

Miami Lakes, Florida·EIN 27-4287676·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$204k
Total assets
$1.6M
Total expenses
$159k
Reported officers
4

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Florida.

Executive Di
Below 10th percentile
$18k
$19k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Miami-Fort Lauderdale-West Palm Beach, FL metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 3 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at PSALMS OF LIFE INC equaled 11% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
11%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$91k

Itemized grants

10

Median grant

$6k

RecipientLocationPurposeAmount
HAITIAN GLOBAL HEALTH ALLIANCEBROOKLYN, NYFUNDING FOR PROGRAMS AND PROJ.$25k
UNIVERSITY OF SOUTH FLORIDATAMPA, FLFUNDING FOR VARIOUS PROGRAMS AND PRO$25k
BIG CITY MOUNTAINEERSARVADA, COEDUCATIONAL$10k
GOLDEN CORNER FOOD PANTRYSENECA, SCFUNDING FOR VARIOUS PROGRAMS & PROJ.$10k
FOOTHILLS AREA YMCASENECA, SCFUNDING FOR VARIOUS PROGRAMS & PROJ.$6k
THE HACK FOUNDATIONWEST HOLLYWOOD, CAFUNDING FOR VARIOUS PROGRAMS AND PRO$5k
FLORIDA CHILDRENS THEATREDAVIE, FLFUNDING FOR VARIOUS PROGRAMS & PROJ.$4k
CARRBORO HIGH SCHOOL ATHLETIC BOOSTCARRBORO, NCEDUCATIONAL$3k
THE SUMMIT CHURCHDURHAM, NCFUNDING FOR VARIOUS PROGRAMS AND PRO$2k
LEUKEMIA & LYMPHOMA SOCIETYNEW YORK, NYFUNDING FOR PROGRAMS AND PROJ.$1k
Compare this foundation's grantees

Held steady
from 2023

From $18k in 2023 to $18k in 2024.

$18k
2023
$18k
2024
In today's dollarsEst.
Down 4% in real terms$20k to $19k

Estimated with Miami-Fort Lauderdale-West Palm Beach, FL metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay held roughly steady from 2023 to 2024, while revenue rose 153%.

$18k in 2023 to $18k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about PSALMS OF LIFE INC

What does the Chief Executive Officer of PSALMS OF LIFE INC earn?

In 2024, the Chief Executive Officer of PSALMS OF LIFE INC received $18,000 in total compensation. This pay is in the bottom 10% for Chief Executive Officer roles among Philanthropy, Voluntarism & Grantmaking organizations in Florida: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.

How does Chief Executive Officer pay at PSALMS OF LIFE INC compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Florida, the 2024 pay of the Chief Executive Officer at PSALMS OF LIFE INC falls in the bottom 10%. In 2024, the highest total compensation at PSALMS OF LIFE INC equaled 11% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are PSALMS OF LIFE INC's revenue and expenses?

In 2024, PSALMS OF LIFE INC reported $204k in total revenue and $159k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.