American Purpose LLC

Analysis

American Purpose LLC is a registered charity in United States, based in Stanford, CA. It received its IRS tax-exemption ruling in November 2020, 6 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, American Purpose LLC reported income of $342k and spending of $445k, spending 130% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $369k to $342k (-7.3%), an average of -3.7% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Purpose LLC sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Connected Kids Inc ($342k), Living 127 Inc ($343k) and Transforming Lives Community Development Corporation ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $224k (50% of expenses). At year end it held assets of $37k against liabilities of $2,406, net assets of $35k. It reported 7 employees.