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Indiana · Private foundation

The Psalm 241 Foundation Inc

Its FY2024 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$185k
Granted FY2024(still arriving)
30
Grants FY2024
8
Organizations funded FY2023
25%
First-time grantees FY2023
Read the full brief
Median grant, FY2024
$5,000
Largest grant, FY2024
$28,000
Organizations funded a year
7 to 8
FY2020 to FY2023
States reached, FY2024
10
Total assets, FY2024
$370k
Applications
Preselected organizations only
Per its most recent filing; check its own site

How open it is to new grantees

In FY2023, 25% of the organizations The Psalm 241 Foundation Inc funded were first-time grantees, receiving 14% of its grant dollars.

New vs renewed · share of each year

In FY2023, 86% of grant dollars renewed an existing relationship; $10k went to new ones.

50%100%’21’22’23
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’21’22’23
ReligionInternationalOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.
The numbers by year
Fiscal yearOrganizations fundedTo those organizationsFirst-time grantees
FY2024still arriving28$185k71%
FY20238$74k25%
FY20227$71k14%
FY20217$68k14%
FY20207$50kn/a
98% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2020 to 2024.

Religion$165kInternational$83kAnimals$57kEducation$41kHealth$41kHuman Services$29kPublic Safety & Disaster$20kCivil Rights$8kOther$0

Where its grants go

Grant dollars by states, across the years we hold.

Which US states its grants reach

MI
IN
CA
CO
VA
AZ
OK
GA
TX
FL

Top grantees

Largest recipients by total granted, FY2020 to FY2024, and the share of each one’s budget the grants supplied at peak.

GranteeTotal grantedYearsShare of their budget
Love Church of Fort Wayne Inc$75,0003n/a
Voice of the Martyrs Inc$70,0005n/a
Water for Good$50,00050%
Lakeland Christian Academy Association Inc$40,75931%
Matthew 25 Inc$22,50050%
Salvation Army$13,0005n/a
Lighthouse Recovery Center Inc$10,00011%
Wellspring Interfaith Social Services Inc$10,00021%
Forgotten Children Worldwide Inc$10,00010%
Mercy Ships International$8,00020%
Show all 23 grantees
All grantees of The Psalm 241 Foundation Inc by total granted
GranteeTotal grantedYearsShare of their budget
Love Church of Fort Wayne Inc$75,0003n/a
Voice of the Martyrs Inc$70,0005n/a
Water for Good$50,00050%
Lakeland Christian Academy Association Inc$40,75931%
Matthew 25 Inc$22,50050%
Salvation Army$13,0005n/a
Lighthouse Recovery Center Inc$10,00011%
Wellspring Interfaith Social Services Inc$10,00021%
Forgotten Children Worldwide Inc$10,00010%
Mercy Ships International$8,00020%
Onechild Global$5,00010%
Food for the Hungry Inc$5,00010%
Persecution Project Foundation$5,00010%
Heartline Pregnancy Center Inc$5,00011%
Help the Persecuted Inc$5,0001n/a
All Things New Inc$3,00011%
World Missionary Press Inc$3,00010%
Soulmedic Media Group Inc$2,00010%
Wycliffe Associates Inc$2,0001n/a
Center for Whitley County Youth Inc$1,50010%
Focus on the Family$1,0001n/a
Allen County Jail Chaplaincy$1,00011%
Bear Lake Camp Inc$1,00010%

What it could do for these grantees

Plus 8 recipients with no EIN on record ($100k), not named here.

Where it is load-bearing

Each grantee by its size and the share of its budget The Psalm 241 Foundation Inc supplied at peak.

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetWater for Good: $50,000 over 5y, 0.2% of budgetLakeland Christian Academy Association Inc: $40,759 over 3y, 0.7% of budgetMatthew 25 Inc: $22,500 over 5y, 0.1% of budgetLighthouse Recovery Center Inc: $10,000 over 1y, 0.5% of budgetWellspring Interfaith Social Services Inc: $10,000 over 2y, 0.5% of budgetForgotten Children Worldwide Inc: $10,000 over 1y, 0.2% of budgetMercy Ships International: $8,000 over 2y, 0.0% of budgetOnechild Global: $5,000 over 1y, 0.0% of budgetFood for the Hungry Inc: $5,000 over 1y, 0.0% of budgetPersecution Project Foundation: $5,000 over 1y, 0.1% of budgetHeartline Pregnancy Center Inc: $5,000 over 1y, 0.7% of budgetAll Things New Inc: $3,000 over 1y, 1.3% of budgetWorld Missionary Press Inc: $3,000 over 1y, 0.0% of budgetSoulmedic Media Group Inc: $2,000 over 1y, 0.1% of budgetCenter for Whitley County Youth Inc: $1,500 over 1y, 0.1% of budgetAllen County Jail Chaplaincy: $1,000 over 1y, 0.6% of budgetBear Lake Camp Inc: $1,000 over 1y, 0.2% of budget

Tap a dot to name the grantee.

How this is measured
Share of budget is the funder’s grant in a year over the grantee’s total revenue that year, at its highest across the years we hold; revenue is from all sources. Only grantees confirmed against their own filings, whose grants do not exceed their revenue, are plotted: the largest 17.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Kosciusko County Community Foundation IncIN17.7× affinity6 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Kosciusko County Community Foundation Inc · Renaissance Charitable Foundation Inc · Mary Cross Tippmann Foundation · Community Foundation of Greater Fort Wayne Inc · Lincoln Financial Foundation Inc · Christian Community Foundation Inc · Natl Christian Charitable Fdn Inc · American Endowment Foundation · Vanguard Charitable Endowment Program · Charities Aid Foundation America · National Philanthropic Trust · Donor Advised Charitable Giving Inc

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

Compare The Psalm 241 Foundation Inc with peer funders

About The Psalm 241 Foundation Inc

How much does The Psalm 241 Foundation Inc give?
The Psalm 241 Foundation Inc reported 30 grants totaling $185,000 in its FY2024 IRS filing. It funded between 7 and 8 organizations a year over FY2020 to FY2023.
What does The Psalm 241 Foundation Inc fund?
By grant dollars over FY2020 to FY2024, its largest causes are Religion (37%), International (19%), Animals (13%).
Who are The Psalm 241 Foundation Inc's largest grantees?
By total granted over FY2020 to FY2024: Love Church of Fort Wayne Inc ($75k), Voice of the Martyrs Inc ($70k), Water for Good ($50k).
Does The Psalm 241 Foundation Inc fund new organizations?
In FY2023, 25% of the organizations it funded were first-time grantees.
Does The Psalm 241 Foundation Inc accept unsolicited applications?
Its most recent filing reports that it funds preselected organizations and does not take unsolicited requests. Check the foundation's own site before ruling it out.
Which funders back the same organizations as The Psalm 241 Foundation Inc?
Its strongest co-funders, measured against what their size predicts, include Kosciusko County Community Foundation Inc, Renaissance Charitable Foundation Inc, Mary Cross Tippmann Foundation.
Where is The Psalm 241 Foundation Inc based?
The Psalm 241 Foundation Inc is based in IN.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 31 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

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