Nonprofit · EIN 82-1968980
PURPOSITY FOUNDATION INC
Tax-exempt · ATLANTA, GA 30326
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $716,033 | $593,830 | $122,203 | $323,647 | $45,676 | $277,971 |
| December 31, 2023 | 990 | $647,241 | $1,085,084 | -$437,843 | $218,322 | $61,055 | $157,267 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $716,033
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $181,144
- Compensation of officers, directors and key employees
- $221,015
- Other salaries and wages
- $38,503
- Salaries, compensation and benefits (total)
- $281,751
- Professional fundraising fees
- $0
- Legal fees
- $2,500
- Accounting fees
- $13,047
- Travel
- $5
- Depreciation
- $45,239
- Program services (functional)
- $477,880
- Management and general (functional)
- $115,950
Balance sheet and other
- Total assets, start of year
- $218,322
- Total assets, end of year
- $323,647
- Total liabilities, end of year
- $45,676
- Net assets, end of year
- $277,971
- Land, buildings and equipment
- $125,537
- Net assets without donor restrictions
- $277,971
- Gross receipts
- $716,033
- Employees
- 4
- Year formed
- 2017
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Blake Canterbury | President & CEO Trustee or director, Officer | 50 | $80,000 |
| Gared Jones | COO Officer | 50 | $80,000 |
| Gunnar Olson | Director Trustee or director | 10 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Blake Canterbury | President & CEO Trustee or director, Officer | 50 | $120,000 |
| Gared Jones | COO Officer | 50 | $120,000 |
| Gunnar Olson | Director Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 3380 PEACHTREE RD NE UNIT 1807, ATLANTA, GA 30326-1658
- In care of
- % WILLIAM J WALSH
- Principal officer (990 for 2024)
- Blake Canterbury, 193 BLUE HERON BLF, DAWSONVILLE, GA 30534
- Signed the 990
- Blake Canterbury, President & CEO
- Phone
- (770) 365-6656
- Website
- www.purposity.com
- 990-N for 2017 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Blake Canterbury, 3380 Peachtree Rd NE Unit 1897, Atlanta GA 30326. Mailing address: 3380 Peachtree Rd NE Unit 1807, Atlanta GA 30326.
- Return prepared by
- Dime Accounting LLC
Mission
The mission of Purposity Foundation is to inspire people to live generously and find purpose through generosity. Purposity pursues this mission through the utilization of unique technology, that links willing donors with qualifying needs.
Program accomplishments
- The organization served a broad charitable class of needy individuals, including children who were financially needy and families who suffered serious hardships that caused them to , at least temporarily, be unable to afford the basic necessities of life. All program expenses went to providing for the benevolence needs and were within the scope of the organization's only current program. The organization provided for between 700-1,000 different, unique individuals each month and received individual donations for each act of benevolence. To maintain clarity, only the organization, and not the donors, had the ability to determine which individual or family the donor's gift benefitted. No monetary gifts were made through the program to any individual or organization.Expenses $477,880
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-1968980
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $323,647
- Income (IRS master file)
- $716,033
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $716,033 | $593,830 | $323,647 | XML |
| 990 | December 2023 | $647,241 | $1,085,084 | $218,322 | XML |
| 990 | December 2022 | $992,442 | $1,114,643 | $504,988 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: Blake Canterbury Filed under this EIN, most likely by a chapter or affiliate | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-1968980).
Questions about PURPOSITY FOUNDATION INC
- What is the EIN of PURPOSITY FOUNDATION INC?
- The employer identification number (EIN) of PURPOSITY FOUNDATION INC is 82-1968980.
- Is PURPOSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to PURPOSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PURPOSITY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PURPOSITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PURPOSITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PURPOSITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Blake Canterbury.
- Who are the officers and directors of PURPOSITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 2 received compensation from the organization, the highest $80,000 (Blake Canterbury, President & CEO).
- How much revenue does PURPOSITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $716,033, expenses of $593,830 and total assets of $323,647 at year end.
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