Finding Purpose

Analysis

Finding Purpose is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Finding Purpose reported income of $351k and spending of $387k, spending 110% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income fell from $389k to $351k (-9.7%), an average of -5.0% a year. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Finding Purpose sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Freedom in Christ Residential Centers ($351k), Will Bright Foundation Inc ($351k) and House of Israel International Ministries Inc ($351k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $176k. At year end it held assets of $174k against liabilities of $531, net assets of $173k. It reported 2 employees.