Purple Rose Legacy

Analysis

Purple Rose Legacy is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Purple Rose Legacy reported income of $103k and spending of $83k, spending 81% of its income. Across the 3 years on record, from June 2021 to June 2024, income grew from $97k to $103k (+5.9%), an average of +2.9% a year. The sharpest change came in the year to June 2024, when income rose by 49%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Purple Rose Legacy sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within MO. Charities of a similar size with the same main cause include Sinclairville 76ers Association for Better Living Inc ($103k), Apryle Showers Inc ($103k) and Rally Point Events Inc ($103k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $5,887 against liabilities of $15k, net assets of -$8,722.