HMG Management Group Inc

Analysis

HMG Management Group Inc is a registered charity in United States, based in Bowie, MD. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, HMG Management Group Inc reported income of $172k and spending of $156k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $172k (+63%), an average of +63% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, HMG Management Group Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include Hair Peace Charities ($172k), Worsley Institute of Classical Five Element Acupuncture ($172k) and Rural Health Works Inc ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $172k against liabilities of $156k, net assets of $16k.