Purpose Of Life Foundation
EIN: 261561781 · Kansas City, MO · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $707K |
| Total Expenses | $421K |
Is Purpose Of Life Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Purpose Of Life Foundation
Purpose Of Life Foundation (EIN: 261561781) is a nonprofit organization based in Kansas City, MO, classified under NTEE code O50. The organization reported total revenue of $707K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Purpose Of Life Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Purpose Of Life Foundation is a small nonprofit that has been operating for 16 years, with 4 years of IRS 990 filings on record (2019–2022). Revenue has grown at a compound annual rate of 28.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $400K |
| Total Expenses | $421K |
| Surplus / Deficit | $-21,287 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -5.3% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2022, Purpose Of Life Foundation reported a deficit of $21K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 4 years of filings (2019–2022), Purpose Of Life Foundation's revenue has grown at a compound annual growth rate (CAGR) of 28.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +12.8% | +11.1% | — |
| 2021 | +78.4% | +90.9% | -2472600.0% |
| 2020 | +4.1% | -10.0% | -99.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Purpose Of Life Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Purpose Of Life Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $21K, with expenses exceeding revenue.
Frequently Asked Questions about Purpose Of Life Foundation
Is Purpose Of Life Foundation a legitimate charity?
Purpose Of Life Foundation (EIN: 261561781) is a registered tax-exempt nonprofit based in Missouri. It has 4 years of IRS 990 filings on record. Total revenue: $707K. No red flags identified. Financial health grade: C.
How does Purpose Of Life Foundation spend its money?
Purpose Of Life Foundation reported $707K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Purpose Of Life Foundation tax-deductible?
Purpose Of Life Foundation is registered as a tax-exempt nonprofit (EIN: 261561781). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Purpose Of Life Foundation located?
Purpose Of Life Foundation is headquartered in Kansas City, Missouri and files with the IRS under EIN 261561781. It is classified under NTEE code O50.
How many years of IRS 990 filings does Purpose Of Life Foundation have?
Purpose Of Life Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $707K in total revenue.
Filing History
IRS 990 filing history for Purpose Of Life Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2019–2022), Purpose Of Life Foundation's revenue has grown by 109.5%, moving from $191K to $400K. Total assets decreased by 100% over the same period, from $200 to $0. Total functional expenses rose by 90.8%, from $221K to $421K. In its most recent filing year (2022), Purpose Of Life Foundation reported a deficit of $21K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $400K | $421K | $0 | $0 | — | View 990 |
| 2021 | $354K | $379K | $-24,725 | $0 | — | View 990 |
| 2020 | $199K | $199K | $1 | $0 | — | View 990 |
| 2019 | $191K | $221K | $200 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $400K, expenses of $421K, and assets of $0 (revenue +12.8% year-over-year).
- 2021: Revenue of $354K, expenses of $379K, and assets of $-24,725 (revenue +78.4% year-over-year).
- 2020: Revenue of $199K, expenses of $199K, and assets of $1 (revenue +4.1% year-over-year).
- 2019: Revenue of $191K, expenses of $221K, and assets of $200.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Purpose Of Life Foundation:
Data Sources and Methodology
This transparency report for Purpose Of Life Foundation 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.