HMG Cares Foundation

Analysis

HMG Cares Foundation is a registered charity in United States, based in The Woodlands, TX. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, HMG Cares Foundation reported income of $179k and spending of $130k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $178k to $179k (+0.5%), an average of +0.5% a year. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, HMG Cares Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Hope Centers for Children of Africa ($179k), Corning Community Food Pantry ($179k) and Integrity Counseling ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. At year end it held assets of $385k against liabilities of $0, net assets of $385k.