Speak with Purpose

Analysis

Speak with Purpose is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Speak with Purpose reported income of $513k and spending of $581k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $253k to $513k (+103%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Speak with Purpose sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include California Coalition of Early & Middle Colleges ($513k), Montessori School of Tupelo Mississippi Inc ($513k) and Charter System Foundation Inc ($512k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $130k (22% of expenses). Other salaries and wages came to $241k. It paid $18k in professional fundraising fees. At year end it held assets of $191k against liabilities of $3,873, net assets of $187k. It reported 6 employees.