Hems Inc

Analysis

Hems Inc is a registered charity in United States, based in Wayne, MI. It received its IRS tax-exemption ruling in August 1981, 45 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Hems Inc reported income of $2.6m and spending of $2.8m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.6m to $2.6m (+2.1%), an average of +0.5% a year. The sharpest change came in the year to September 2020, when income rose by 61%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hems Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Haley Center Inc ($2.6m), Bridgemark Inc ($2.6m) and Easter Seal Rehabilitation Center Inc ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $179k (6.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.0m against liabilities of $241k, net assets of $1.7m. It reported 11 employees.