Hagerstown Multi-Use Sports and Events Facility Inc

Analysis

Hagerstown Multi-Use Sports and Events Facility Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 May 2024, Hagerstown Multi-Use Sports and Events Facility Inc reported income of $168k and spending of $182k, spending 108% of what it took in. Across the 3 years on record, from May 2022 to May 2024, income grew from $275 to $168k (+61013%), an average of +2372% a year. The sharpest change came in the year to May 2023, when income rose by 7173%. Over the whole period it spent 124% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hagerstown Multi-Use Sports and Events Facility Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within MD. Charities of a similar size with the same main cause include East Orange Youth Sports Inc ($168k), Ward County Sports and Recreation ($168k) and Flaming Spirit Christian Service Camp ($168k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. At year end it held assets of $59k against liabilities of $108k, net assets of -$50k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.