Purpose Point Community Resource Center Inc

Analysis

Purpose Point Community Resource Center Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Purpose Point Community Resource Center Inc reported income of $3.5m and spending of $1.2m, leaving 65% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $224k to $3.5m (+1444%), an average of +149% a year. The sharpest change came in the year to December 2021, when income rose by 327%. Over the whole period it spent 40% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Purpose Point Community Resource Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Miss Major and Alexander L Lees Tgijp ($3.5m), American Society on Aging ($3.5m) and North Carolina African Services Coalition Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.2% of the total. Other salaries and wages came to $755k. At year end it held assets of $4.5m against liabilities of $1.0m, net assets of $3.5m. It reported 30 employees.