Purple Foundation Incorporated

Analysis

Purple Foundation Incorporated is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 2004, 22 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 December 2023, Purple Foundation Incorporated reported income of $437k and spending of $384k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $120k to $437k (+265%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 2020%. 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 Foundation Incorporated sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Calling All Kids Too Inc ($437k), Methodist Early Learning Center Inc ($437k) and Friendship House ($437k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% of the total. Other salaries and wages came to $97k. At year end it held assets of $828k against liabilities of $91k, net assets of $737k.