Hells Half Mile Events

Analysis

Hells Half Mile Events is a registered charity in United States, based in Bay City, MI. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hells Half Mile Events reported income of $93k and spending of $89k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $93k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hells Half Mile Events sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within MI. Charities of a similar size with the same main cause include Bated Breath Theatre Company ($93k), Nashville Historical Foundation ($93k) and Meadowview Biological Research Station ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 71% of the total. At year end it held assets of $63k against liabilities of $9,491, net assets of $53k.