Purpose Projects Ny Inc

Analysis

Purpose Projects Ny Inc is a registered charity in United States, based in Forest Hills, NY. It received its IRS tax-exemption ruling in October 2023, 3 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Projects Ny Inc reported income of $89k and spending of $88k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $89k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Purpose Projects Ny Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Nami Northern Lakes Inc ($89k), Riverdale Ambulance Service ($89k) and Menno-Clinic India Inc ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.