Purpose Founder

Analysis

Purpose Founder is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Founder reported income of $379k and spending of $389k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $302k to $379k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Purpose Founder sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within AZ. Charities of a similar size with the same main cause include Urban Outreach Foundation ($379k), Debre Bisrat St Gabriel Ethiopian Orthodox Church ($379k) and Igniting Prayer Action ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $149k against liabilities of $67k, net assets of $82k.