Hopefull Handbags Global Inc

Analysis

Hopefull Handbags Global Inc is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hopefull Handbags Global Inc reported income of $79k and spending of $103k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $162k to $79k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopefull Handbags Global Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include Unsilenced Voices ($79k), East Metro Civic Alliance ($79k) and Bellevue Together Inc ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.