Hellgate Management Corporation

Analysis

Hellgate Management Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Hellgate Management Corporation reported income of $335k and spending of $419k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $416k to $335k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hellgate Management Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Center for Rural Outreach and Public Services Inc ($334k), Wyoming County Business Assistance Corporation ($335k) and Evansville Land Bank Corp ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Other salaries and wages came to $103k. At year end it held assets of $448k against liabilities of $373k, net assets of $76k.