Higher Purpose Fellowship

Analysis

Higher Purpose Fellowship is a registered charity in United States, based in Perth Amboy, NJ. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Higher Purpose Fellowship reported income of $305k and spending of $285k, spending 93% of its income. Across the 2 years on record, from December 2020 to December 2021, income grew from $214k to $305k (+43%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Higher Purpose Fellowship sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 68th percentile within NJ. Charities of a similar size with the same main cause include Unpackin It Ministries Inc ($305k), Truth Tabernacle of Praise ($305k) and SVDP Thrift Store Kittanning ($305k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.