Sisters with Purpose Inc

Analysis

Sisters with Purpose Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2012, 14 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, Sisters with Purpose Inc reported income of $108k and spending of $62k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $108k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sisters with Purpose Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Crisis Pregnancy Center of Scranton Inc ($108k), Third Place Inc ($108k) and Fight2feed a Charitable Organization ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $85k against liabilities of $4,043, net assets of $81k.