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purpose is to get to better enforcement against money laundering. But if you read the list of organizations exempted from filing it's like a list of those most known for questionable activity. Here's the list and special note should be made that number 19 is tax exempt entities which means all of those dark money 501c-3 groups and number 20 is anybody helping them.

1 Securities reporting issuer
2 Governmental authority
3 Bank
4 Credit union
5 Depository institution holding company
6 Money services business
7 Broker or dealer in securities
8 Securities exchange or clearing agency
9 Other Exchange Act registered entity
10 Investment company or investment adviser
11 Venture capital fund adviser
12 Insurance company
13 State-licensed insurance producer
14 Commodity Exchange Act registered entity
15 Accounting firm
16 Public utility
17 Financial market utility
18 Pooled investment vehicle
19 Tax-exempt entity
20 Entity assisting a tax-exempt entity
21 Large operating company
22 Subsidiary of certain exempt entities
23 Inactive entity

https://www.fincen.gov/boi-faqs#C_2