Purpose House Ministries

Analysis

Purpose House Ministries is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in February 2016, 10 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, Purpose House Ministries reported income of $51k and spending of $94k, spending 185% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $694k to $51k (-93%), an average of -48% a year. The sharpest change came in the year to December 2021, when income dropped by 77%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Purpose House Ministries sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 23rd percentile within FL. Charities of a similar size with the same main cause include Delhi Cemetery Inc ($51k), Michael G Reagan Portrait Foundation ($51k) and Power to Soar Foundation ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 125% of the total. At year end it held assets of $91k against liabilities of $153k, net assets of -$62k.