Hopes Closet

Organization Overview

Hopes Closet is located in Santa Cruz, CA. The organization was established in 2011. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2022, Hopes Closet employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopes Closet is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Hopes Closet generated $345.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $259.2k during the year ending 12/2022. While expenses have increased by 17.3% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

HOPES CLOSET PROVIDES USED CLOTHING AND NECESSITIES FOR CHILDREN FROM LOW-INCOME FAMILIES IN SANTA CRUZ COUNTY. WE PROVIDE CLOTHING AT NO COST AND OPERATE A RESALE STORE TO OFFER CLOTHING, BOOKS, AND TOYS AT LOW COST AND TO OFFSETS OUR OPERATING EXPENSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2022 WE PROVIDED 3,085 BUNDLES OF CLOTHING TO CHILDREN FROM LOW-INCOME FAMILIES IN SANTA CRUZ COUNTY CALIFORNIA. EACH BUNDLE CONTAINS A WEEKS WORTH OF CLOTHES, SHOES, BOOKS, TOYS AND GAMES.IN 2022 WE RECEIVED APPROXIMATELY 3,400 DONATIONS OF CLOTHING, TOYS, BOOKS, GAMES AND EQUIPMENT FROM THE COMMUNITY. THESE DONATIONS ARE USED TO PREPARE OUR BUNDLES OF CLOTHING AND PROVIDE INVENTORY FOR OUR RESALE STORE.


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Board, Officers & Key Employees

Name (title)Compensation
Donna Odryna
President
$0
Lisa Hall-Magee
Vice President
$0
Stephanie Hendersen
Secretary
$0
Arne Croce
Executive Dir.
$0
Nicole Poole
Director
$0
Davide Pagano
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$71,283
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$71,283
Total Program Service Revenue$274,522
Investment income $102
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $345,907

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