Purple Heart Project

Analysis

Purple Heart Project is a registered charity in United States, based in Roy, WA. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Purple Heart Project reported income of $280k and spending of $194k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $280k (+521%), an average of +521% a year. The sharpest change came in the year to December 2023, when income rose by 521%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Purple Heart Project sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within WA. Charities of a similar size with the same main cause include Cultivala Inc ($280k), Sooners Helping Sooners Inc ($280k) and Garza County Trail Blazers Inc ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $131k against liabilities of $1,053, net assets of $130k.