Public Charity

Higher Purpose Co

Based in Clarksdale, MS, Higher Purpose Co operates as a Public Charity. The organization reported $1.8M in revenue, $2.4M in expenses, $740K in total assets for fiscal year 2024. Imperigo tracks 37 reported grant relationships connected to this organization totaling approximately $4.6M.

EIN: 821629178 Clarksdale, MS Latest filing: 2024
Total Revenue$1.8M
Total Expenses$2.4M
Total Assets$740K
Grant Records37
Funding Total$4.6M
Filing Years2020–2024

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.

Sample Grants Received

2024
GENERAL SUPPORT
$500,000
2024
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
$102,500
2024
Community Development
$102,000
2024
GENERAL OPERATING SUPPORT
$100,000
2024
TO SUPPORT EFFORTS TO PROVIDE AFFORDABLE ACCESS TO CAPITAL TO SMALL BUSINESSES OWNED BY LOW-INCOME, MINORITY AND/OR OTHER DISADVANTAGED ENTREPRENEURS OR TAX-EXEMPT ORGANIZATIONS WHO HISTORICALLY HAVE DIFFICULTY SECURING CAPITAL FROM TRADITIONAL SOURCES.
$50,000

Showing up to 5 of 37 total records — full history available with membership.

Officers & Directors

President Derek Dewayne Hopson Jr
Director Dr Sondra Collins
Vice President Dr Temika Simmons
Executive Dir. Dr Timothy E Lampkin
Director Jacqueline Johnson
Secretary Mara Scott

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL OPERATING SUPPORT
$1,085,000 3 grants
GENERAL SUPPORT
$800,000 3 grants
FOR GENERAL OPERATING SUPPORT; FOR BLACK BUSINESS RELIEF AND FOR GENERAL OPERATING SUPPORT; TO SUPPORT THE CAPITAL CAMPAIGN; FOR RESERVES
$633,700 1 grant
TO SUPPORT THE CAPITAL CAMPAIGN / GENERAL OPERATING SUPPORT
$400,000 1 grant
FOR EMERGENCY RELIEF
$370,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $1.8M $2.4M $740K
2023 $1.8M $2.6M $1.3M
2022 $864K $1.1M $1.8M
2021 $1.5M $1.2M $2.0M
2020 $2.2M $1.4M $2.0M

Between 2020 and 2024, reported annual revenue declined from $2.2M to $1.8M (-19%), with total assets most recently reported at $740K.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for Higher Purpose Co

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