Purposity Foundation Inc

Analysis

Purposity Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Purposity Foundation Inc reported income of $647k and spending of $1.1m, spending 168% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $647k (-52%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Purposity Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within GA. Charities of a similar size with the same main cause include Charity Polo Classic Inc ($647k), University of Missouri-Columbia Medical Alliance ($647k) and Lions Pride Endowment Fund Inc ($647k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $380k (35% of expenses). At year end it held assets of $218k against liabilities of $61k, net assets of $157k. It reported 4 employees.