HIGHER PURPOSE CO

CLARKSDALE, MS, 38614-4439 (662) 592-5262 Est. 2018 EIN 82-1629178
S20 - Community & Neighborhood Development 990 - Public charity return 501(c)(3)
higherpurposeco.org

Mission

Higher Purpose Co mission is to improve intergenerational economic opportunity across Mississippi by prioritizing Black communities impacted by poverty. Our key programming pillars are Business Ownership, Food Justice, Arts/Culture, Workforce Development, and Public Policy. Utilizing an integrated model of community education, digital storytelling, and participatory grantmaking to create systemic impact.

Financials

Total Revenue
$1,806,637
Total Expenses
$2,397,717
Net Assets
$670,529
8 employees
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
3.4 months Adequate
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 0.9%
Expenses ↓ 7.5%
Revenue Sources
Contributions 100.0%
Expense Breakdown
Program 98.2% Management 1.8%

Officers & Key Employees (8)

Individual compensation is available on Grow plans.

Grants Received (64)

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Filing History (7 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$1,806,637 $2,397,717$670,529
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$1,806,637 ↓$2,397,717$670,529
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$1,823,132 ↑$2,591,129$1,269,272
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$864,131 ↓$1,065,452$1,773,687
2021 990 - Public charity return
Jan 1, 2021 to Dec 31, 2021
$1,518,368 ↓$1,165,834$1,975,099
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$2,226,835 ↑$1,360,344$1,980,554
2019 990 - Public charity return
Jan 1, 2019 to Dec 31, 2019
$1,522,645 $349,152$1,186,632

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EIN: 82-1629178 · Source: IRS Form 990 e-file data