Overview
What is Purposity Foundation Inc?
Purposity Foundation Inc, based in Dawsonville, Georgia, is a compassionate nonprofit organization that serves a diverse group of financially disadvantaged individuals and families, primarily children and those experiencing temporary hardships. Their primary aim is to provide essential necessities, ensuring no one goes without the basic necessities of life. With a team of five dedicated individuals, Purposity Foundation operates through a unique technology platform that connects generous donors with specific needs, thereby inspiring acts of benevolence and fostering a sense of purpose. The organization maintains discretion in allocating donations, ensuring that each gift is utilized to benefit the most deserving individuals and families within its scope.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star
Purposity Foundation Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 51%, the organization demonstrates weaknesses in several key areas, including the independence of its board members and the transparency of its financial statements.
The foundation scored 0 out of 8 points for having majority independent board members and did not fulfill requirements for independent board size and documentation of board meeting minutes. However, it did score adequately in some areas, such as having a conflict of interest policy, a whistleblower policy, and a strong liabilities to assets ratio, indicating some positive governance practices.
Despite these strengths, the lack of financial transparency, evidenced by missing financial statements online and failing to post its tax form on its website, raises concerns about accountability and the effective use of funds. The program expense ratio is also moderately low, suggesting that a significant portion of the funds may not be going directly to programs. Overall, while Purposity Foundation Inc has some governance policies in place, its financial accountability and transparency need substantial improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Purposity Foundation Inc legitimate?
Purposity Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Purposity Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $370,827
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Purposity Foundation Inc?
The Purposity Foundation Inc's mission is centered around inspiring people to lead generous lives and discover their purpose through acts of kindness. They achieve this mission by leveraging innovative technology, connecting generous donors with qualifying needs. The organization serves a diverse group of underprivileged individuals, including financially struggling children and families enduring temporary hardships, ensuring they can afford life's necessities. All expenses related to benevolence are covered through the program, and the organization maintains control over the distribution of donations, ensuring they reach the intended individuals or families in need. The Purposity Foundation, through its unique service, impacts between 700 to 1,000 different beneficiaries each month, receiving individual donations for each act of benevolence.
Who is the CEO of Purposity Foundation Inc?
Blake Canterbury is the Ceo Founder Director of Purposity Foundation Inc. The CEO's salary of Purposity Foundation Inc is $118,000 and their total compensation is $118,000.
What is the revenue of Purposity Foundation Inc?
Purposity Foundation Inc's revenue in 2022 was $992,442.
Who are the executives of Purposity Foundation Inc and what are their salaries?
The average compensation at Purposity Foundation Inc during 2022 was $74,165. There are 5 employees at Purposity Foundation Inc.
Here are 3 key members and their salaries (Purposity Foundation Inc's CEO's salary is $118,000 and their total compensation is $118,000):
- Compensation: $118,000
- Related: $0
- Other: $0
- Compensation: $118,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Purposity Foundation Inc?
Purposity Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Purposity Foundation Inc
Purposity Foundation, a nonprofit organization, is committed to inspiring individuals to live generously and discover their purpose through acts of kindness. The foundation achieves this mission by leveraging innovative technology, connecting willing donors with qualifying needs. By serving a diverse group of needy individuals, including financially struggling children and families facing temporary hardships, Purposity Foundation provides for their benevolence needs within its current program. The organization ensures that all program expenses are directed towards meeting these needs, supporting between 700 to 1000 unique individuals each month. The donors' gifts are not directly allocated to individuals or organizations but are managed by Purposity Foundation to maintain transparency and clarity in the distribution of aid.
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Impact
July, 2024
Purposity Foundation Inc's impact lies in inspiring people to live generously and find purpose through generosity. By leveraging unique technology, the organization connects donors with individuals and families in need, facilitating acts of benevolence towards those facing financial hardship and serious challenges. Each month, Purposity provides for between 700-1,000 different individuals, ensuring that donations go directly towards meeting basic necessities. Through its mission, Purposity makes a tangible difference in the lives of those it serves, fostering a culture of philanthropy and compassion.
This information is meant to be a general summary of Purposity Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $512
- Gross Receipts: $992,442
Assets and Liabilities:
- Total Assets: $504,988
- Total Liabilities: $16,876
- Net Assets: $488,112
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Organization Details
Founding Year
2017
Principal Officer
Blake Canterbury
Main Address
193 Blue Heron Blf STE 3, Dawsonville, GA, 30534
NTEE Category
Code: T30 - Philanthropy
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