HIGHER PURPOSE CO

CLARKSDALE, MS, 38614-4439 (662) 592-5262 Est. 2018 EIN 82-1629178
S20— Community Improvement Form 990 501(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)

We treat individual compensation with extra care. Named amounts are on Grow plans.

Grants Received (34)

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Filing History (7 filings)

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

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