Purposeful Living and Giving Inc

Analysis

Purposeful Living and Giving Inc is a registered charity in United States, based in Bowie, MD. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Purposeful Living and Giving Inc reported income of $60k and spending of $31k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $90k to $60k (-33%), an average of -33% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 63% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Purposeful Living and Giving Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within MD. Charities of a similar size with the same main cause include Greater Washington Jewish Community Foundation ($60k), Chapel Hill Public Library Foundation ($60k) and NW Pennsylvania Ntma Education Foundation ($60k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 73% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.