Finding Purpose
Finding Purpose experiences recent operating deficits despite consistent revenue levels.
EIN: 200361728 · Raleigh, NC · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $352K |
| Total Expenses | $387K |
| Program Spending | 80% |
| Net Assets | $173K |
| Transparency Score | 75/100 |
Is Finding Purpose Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Finding Purpose directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Finding Purpose
Finding Purpose (EIN: 200361728) is a nonprofit organization based in Raleigh, NC, classified under NTEE code X21. The organization reported total revenue of $352K and total assets of $216K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Finding Purpose's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Finding Purpose is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $351K |
| Total Expenses | $387K |
| Surplus / Deficit | $-35,436 |
| Total Assets | $174K |
| Total Liabilities | $531 |
| Net Assets | $173K |
| Operating Margin | -10.1% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 5.4 months |
Financial Health Grade: B
In 2023, Finding Purpose reported a deficit of $35K with expenses exceeding revenue, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Finding Purpose's revenue has grown at a compound annual growth rate (CAGR) of 15.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.6% | -10.7% | -17.0% |
| 2022 | +2.1% | +107.2% | -15.7% |
| 2021 | +112.9% | +12.2% | +283.5% |
| 2020 | +2.8% | +1.6% | +88.4% |
| 2019 | +7.4% | +8.8% | -14.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Finding Purpose with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Finding Purpose allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $35K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Finding Purpose reports 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to officers, which is highly favorable for directing funds to programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Finding Purpose's IRS 990 filings:
- Expenses exceeding revenue in recent periods (202309: $386,692 expenses vs. $351,256 revenue; 202209: $433,206 expenses vs. $397,200 revenue)
- Declining asset base from $247,879 in 202109 to $173,529 in 202309
Strengths
The following positive indicators were identified for Finding Purpose:
- 0% officer compensation reported across all filings, indicating high efficiency in executive pay.
- Generally low liabilities, demonstrating sound financial management of debt.
- History of significant revenue generation, reaching nearly $400,000 in some years.
Frequently Asked Questions about Finding Purpose
Is Finding Purpose a legitimate charity?
Finding Purpose (EIN: 200361728) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $352K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Finding Purpose spend its money?
Finding Purpose directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Finding Purpose tax-deductible?
Finding Purpose is registered as a tax-exempt nonprofit (EIN: 200361728). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Finding Purpose's spending goes to programs?
Finding Purpose directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Finding Purpose compare to similar nonprofits?
With a transparency score of 75/100 (Good), Finding Purpose is above average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Finding Purpose located?
Finding Purpose is headquartered in Raleigh, North Carolina and files with the IRS under EIN 200361728. It is classified under NTEE code X21.
How many years of IRS 990 filings does Finding Purpose have?
Finding Purpose has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $352K in total revenue.
Is Finding Purpose financially sustainable given recent deficits?
Finding Purpose has reported expenses exceeding revenue in the last two periods (202309 and 202209). While they have accumulated assets, continued deficits could impact long-term sustainability if not addressed.
How does Finding Purpose manage its liabilities?
Liabilities have generally been very low across most filing periods, with the highest reported at $3,439 in 202109 and $531 in 202309, suggesting responsible management of debt.
What caused the significant increase in assets in 202109?
In 202109, Finding Purpose reported a substantial surplus with revenues of $388,885 against expenses of $209,081, which likely contributed to the increase in assets to $247,879.
Filing History
IRS 990 filing history for Finding Purpose showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Finding Purpose's revenue has grown by 455.2%, moving from $63K to $351K. Total assets increased by 1492.3% over the same period, from $11K to $174K. Total functional expenses rose by 571.5%, from $58K to $387K. In its most recent filing year (2023), Finding Purpose reported a deficit of $35K, with expenses exceeding revenue. The organization holds $531 in liabilities against $174K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $173K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $351K | $387K | $174K | $531 | — | — |
| 2022 | $397K | $433K | $209K | $530 | — | View 990 |
| 2021 | $389K | $209K | $248K | $3K | — | View 990 |
| 2020 | $183K | $186K | $65K | $0 | — | — |
| 2019 | $178K | $183K | $34K | $0 | — | View 990 |
| 2018 | $165K | $169K | $40K | $0 | — | View 990 |
| 2017 | $158K | $138K | $43K | $0 | — | View 990 |
| 2016 | $182K | $194K | $24K | $148 | — | View 990 |
| 2015 | $158K | $169K | $37K | $342 | — | View 990 |
| 2014 | $174K | $134K | $48K | $310 | — | View 990 |
| 2013 | $70K | $93K | $7K | $0 | — | View 990 |
| 2012 | $102K | $83K | $30K | $37 | — | View 990 |
| 2011 | $63K | $58K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $351K, expenses of $387K, and assets of $174K (revenue -11.6% year-over-year).
- 2022: Revenue of $397K, expenses of $433K, and assets of $209K (revenue +2.1% year-over-year).
- 2021: Revenue of $389K, expenses of $209K, and assets of $248K (revenue +112.9% year-over-year).
- 2020: Revenue of $183K, expenses of $186K, and assets of $65K (revenue +2.8% year-over-year).
- 2019: Revenue of $178K, expenses of $183K, and assets of $34K (revenue +7.4% year-over-year).
- 2018: Revenue of $165K, expenses of $169K, and assets of $40K (revenue +4.6% year-over-year).
- 2017: Revenue of $158K, expenses of $138K, and assets of $43K (revenue -12.9% year-over-year).
- 2016: Revenue of $182K, expenses of $194K, and assets of $24K (revenue +14.9% year-over-year).
- 2015: Revenue of $158K, expenses of $169K, and assets of $37K (revenue -9.3% year-over-year).
- 2014: Revenue of $174K, expenses of $134K, and assets of $48K (revenue +148.7% year-over-year).
- 2013: Revenue of $70K, expenses of $93K, and assets of $7K (revenue -31.3% year-over-year).
- 2012: Revenue of $102K, expenses of $83K, and assets of $30K (revenue +61.4% year-over-year).
- 2011: Revenue of $63K, expenses of $58K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Finding Purpose:
Data Sources and Methodology
This transparency report for Finding Purpose is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.