Handfuls of Purpose

Analysis

Handfuls of Purpose is a registered charity in United States, based in Albertville, AL. It received its IRS tax-exemption ruling in August 2019, 7 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 (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, Handfuls of Purpose reported income of $56k and spending of $59k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $343k to $56k (-84%), an average of -36% a year. The sharpest change came in the year to December 2021, when income dropped by 54%. Over the whole period it spent 40% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Handfuls of Purpose sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within AL. Charities of a similar size with the same main cause include Vietnamese Literary and Artistic Club of the Washington Metro Area ($56k), State Theater Foundation Inc ($56k) and Main Street Ravenna Inc ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $1,371. At year end it held assets of $533k against liabilities of $0, net assets of $533k. It reported 2 employees.