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Psanctum Thrift

EIN 88-4259624 · Portland, OR

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak21 out of 100GovernanceNot ratedThe short tax form does not cover thisImpact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It owes more than it owns.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT PSYCHEDELIC THERAPY, HARM REDUCTION, AND EDUCATION. IT FULFILLS THIS MISSION BY OPERATING A NONPROFIT THRIFT STORE THAT RAISES FUNDS TO HELP INDIVIDUALS ACCESS PSILOCYBIN-ASSISTED THERAPY SESSIONS LEGALLY ADMINISTERED IN OREGON, AND BY PROVIDING COMMUNITY EDUCATION AND HARM-REDUCTION PROGRAMMING THAT PROMOTES SAFE, INFORMED PSYCHEDELIC USE.

Income
$157,064
Spending
$136,616
Reserves
-1.5 months of spending
Largest source of income
fees for its services, 93%
Highest pay
$2,136, president

Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 21 out of 100. Higher than 6% of charities in its peer group (human services, under $250k).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    0 of 20

    It owes 139% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 13% of income.

Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.

Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $3,200 spent. THRIFT STORE OPERATIONS- OPERATED A NONPROFIT THRIFT STORE THAT DIVERTED THOUSANDS OF POUNDS OF USABLE GOODS FROM THE LANDFILL, PROVIDED MEANINGFUL EMPLOYMENT TO LOCAL RESIDENTS, AND OFFERED AFFORDABLE CLOTHING AND HOUSEHOLD GOODS TO THE COMMUNITY. APPROXIMATELY 10,000 PEOPLE BENEFITED DURING 2024.
  2. $131,416 spent. COMMUNITY EDUCATION AND EVENTS- HOSTED HUNDREDS OF EDUCATIONAL EVENTS, WORKSHOPS, ART SHOWS, AND SUPPORT GROUPS FOCUSED ON PSYCHEDELIC LITERACY, HARM REDUCTION, AND MENTAL HEALTH. SERVED MORE THAN 1,000 PARTICIPANTS AND FOSTERED COMMUNITY CONNECTION AND BELONGING.
  3. $2,000 spent. PSILOCYBIN THERAPY GRANT PROGRAM- AWARDED THOUSANDS OF DOLLARS IN GRANTS TO HELP INDIVIDUALS ACCESS LEGAL PSILOCYBIN ASSISTED THERAPY IN OREGON, EXPANDING ACCESS TO EVIDENCE-BASED, HARM-REDUCTION ORIENTED MENTAL-HEALTH SUPPORT. APPROXIMATELY 4 INDIVIDUALS RECEIVED DIRECT AID IN 2024.

Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 2023.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.