Purpose of Life Foundation

Analysis

Purpose of Life Foundation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Purpose of Life Foundation reported income of $400k and spending of $421k, spending 105% of what it took in. Across the 2 years on record, from June 2021 to June 2022, income grew from $354k to $400k (+13%), an average of +13% a year. Over the whole period it spent 106% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Purpose of Life Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within MO. Charities of a similar size with the same main cause include Run Minnesota ($399k), Camp Unistar Foundation ($400k) and My Fathers Plan Inc ($399k).

On its Form 990 for the period ending June 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $55k (13% of expenses). Other salaries and wages came to $156k. At year end it held assets of $0 against liabilities of $0, net assets of $0.