Onpurpose Enrichment Inc

Analysis

Onpurpose Enrichment Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Onpurpose Enrichment Inc reported income of $519k and spending of $484k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $519k (+222%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 120%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Onpurpose Enrichment Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Summit Downtown Inc ($519k), Whiting-Robertsdale Community Improvement Corporation ($519k) and African Bridge Network ($518k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $76k (16% of expenses). Other salaries and wages came to $318k. At year end it held assets of $35k against liabilities of $0, net assets of $35k. It reported 5 employees.