Greater Hagerstown Committee Inc

Analysis

Greater Hagerstown Committee Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in July 1988, 38 years ago. 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 April 2024, Greater Hagerstown Committee Inc reported income of $194k and spending of $189k, spending 97% of its income. Across the 2 years on record, from April 2023 to April 2024, income grew from $192k to $194k (+1.0%), an average of +1.0% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Hagerstown Committee Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MD. Charities of a similar size with the same main cause include Association of Municipal County Judges of Ohio Inc ($194k), Little League Baseball Inc ($194k) and Main Line Cycle Center ($194k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 2.8% and program service revenue 101% of the total. Compensation of current officers, directors and key employees was $99k (52% of expenses). Other salaries and wages came to $41k. At year end it held assets of $185k against liabilities of $117k, net assets of $68k. It reported 2 employees.