Psalms of Life Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIAMI LAKES, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 10 grants totaling $91K. Net investment income was $135K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+2.8% YoY
Annual Giving
$91K
+5.3% YoY
Grant Count
10
+25.0% YoY
Avg Grant Size
$9K
-15.8% YoY
Under IRS private-foundation payout rules, Psalms of Life Inc reported a distributable amount of $92K for 2024 — the minimum it must pay out in qualifying distributions.
About Psalms of Life Inc
Based on IRS filings
Psalms of Life Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIAMI LAKES, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 10 grants totaling $91K. Net investment income was $135K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,614,138 | $1,570,101 | $1,627,440 |
| Revenue | $203,893 | $80,503 | $-2,046 |
| Expenses | $159,471 | $137,841 | $145,912 |
| Qualifying Distributions | $91,050 | $86,500 | $84,050 |
| Net Investment Income | $135,472 | $29,160 | — |
| Distributable Amount | $92,036 | $82,845 | $86,496 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Haitian Global Health Alliance ($25,000), University of South Florida ($25,000), Big City Mountaineers ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BIG CITY MOUNTAINEERS ARVADA, CO | EDUCATIONAL | $10,000 |
| CARRBORO HIGH SCHOOL ATHLETIC BOOST CARRBORO, NC | EDUCATIONAL | $3,000 |
| FLORIDA CHILDRENS THEATRE DAVIE, FL | FUNDING FOR VARIOUS PROGRAMS & PROJ. | $3,750 |
| FOOTHILLS AREA YMCA SENECA, SC | FUNDING FOR VARIOUS PROGRAMS & PROJ. | $6,000 |
| GOLDEN CORNER FOOD PANTRY SENECA, SC | FUNDING FOR VARIOUS PROGRAMS & PROJ. | $10,000 |
| HAITIAN GLOBAL HEALTH ALLIANCE BROOKLYN, NY | FUNDING FOR PROGRAMS AND PROJ. | $25,000 |
| LEUKEMIA & LYMPHOMA SOCIETY NEW YORK, NY | FUNDING FOR PROGRAMS AND PROJ. | $1,000 |
| THE HACK FOUNDATION WEST HOLLYWOOD, CA | FUNDING FOR VARIOUS PROGRAMS AND PRO | $5,000 |
| THE SUMMIT CHURCH DURHAM, NC | FUNDING FOR VARIOUS PROGRAMS AND PRO | $2,300 |
| UNIVERSITY OF SOUTH FLORIDA TAMPA, FL | FUNDING FOR VARIOUS PROGRAMS AND PRO | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHRISTOPHER VASALLO | DIRECTOR | 0.5 | — |
| LELENIA VASALLO | EXECUTIVE DI | 2.5 | $18,000 |
| JOSEPH BRYDON | PRESIDENT/TR | 2 | — |
| JULIANA BRYDON | DIRECTOR | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Psalms of Life Inc?
Psalms of Life Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIAMI LAKES, FL. It holds $1.6M in total assets as of 2024.
How large is Psalms of Life Inc?
As of 2024, Psalms of Life Inc holds $1.6M in total assets with $204K in annual revenue. It awarded 10 grants totaling $91K in 2024.
Where does Psalms of Life Inc operate?
Psalms of Life Inc has awarded grants in Alabama, California, Colorado, Florida, Georgia, North Carolina, New York, Pennsylvania, South Carolina.
What size grants does Psalms of Life Inc award?
In 2024, Psalms of Life Inc awarded 10 grants totaling $91K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Psalms of Life Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Psalms of Life Inc reported a distributable amount of $92K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Psalms of Life Inc's EIN?
Psalms of Life Inc's EIN (Employer Identification Number) is 27-4287676. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Psalms of Life Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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