Working for a Purpose Foundation

Analysis

Working for a Purpose Foundation is a registered charity in United States, based in Rincon, GA. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Working for a Purpose Foundation reported income of $55k and spending of $54k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $87k to $55k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Working for a Purpose Foundation sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 22nd percentile within GA. Charities of a similar size with the same main cause include Center for Groveport Madison Human Needs ($55k), Cottonwood Cattle Producers Inc ($55k) and Franklin Little Flyer Academy Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.