Purposeful Life Inc

Analysis

Purposeful Life Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in April 2015, 11 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 December 2023, Purposeful Life Inc reported income of $101k and spending of $30k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $15k to $101k (+598%), an average of +62% a year. The sharpest change came in the year to December 2020, when income rose by 246%. Over the whole period it spent 41% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Purposeful Life Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include St John of the Cross Academy ($101k), Ministerios Impacto de Restauracion ($101k) and Wer1 Ministries Inc ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $506k against liabilities of $786, net assets of $505k.