Hgi Stores and Services Inc

Analysis

Hgi Stores and Services Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hgi Stores and Services Inc reported income of $12.2m and spending of $12.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.2m to $12.2m (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hgi Stores and Services Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Otterbein Cridersville ($12.2m), Make-A-Wish Foundation International ($12.2m) and Child Care Network of New York Inc ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $11.0m. At year end it held assets of $413k against liabilities of $0, net assets of $413k. It reported 910 employees.