A Meaningful Purpose

Analysis

A Meaningful Purpose is a registered charity in United States, based in Margate City, NJ. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, A Meaningful Purpose reported income of $2.4m and spending of $2.2m, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $712k to $2.4m (+239%), an average of +50% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 75% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, A Meaningful Purpose sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Humane Society of Yuma Inc ($2.4m), Global Wildlife Trust Inc ($2.4m) and Yellowstone Valley Animal Shelter Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $970k. At year end it held assets of $1.5m against liabilities of $23k, net assets of $1.5m. It reported 37 employees.