Hopefull Collective Inc

Analysis

Hopefull Collective Inc is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hopefull Collective Inc reported income of $75k and spending of $103k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $75k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 121% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hopefull Collective Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within VA. Charities of a similar size with the same main cause include Pinal County Veterans Memorial Foundation ($75k), Heartland Museum of Military Vehicles ($75k) and Indiana Heritage Quilt Show Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.6% and program service revenue 71% of the total. At year end it held assets of $11k against liabilities of $7,804, net assets of $3,296.