Hagerstown Revitalization Corporation
Hagerstown Revitalization Corporation maintains stable assets and zero officer compensation amidst fluctuating revenues.
EIN: 200871687 · Hagerstown, MD · NTEE: S31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $101K |
| Total Expenses | $80K |
| Program Spending | 85% |
| Net Assets | $112K |
| Transparency Score | 85/100 |
Is Hagerstown Revitalization Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hagerstown Revitalization Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hagerstown Revitalization Corporation
Hagerstown Revitalization Corporation (EIN: 200871687) is a nonprofit organization based in Hagerstown, MD, classified under NTEE code S31. The organization reported total revenue of $101K and total assets of $112K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hagerstown Revitalization Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hagerstown Revitalization Corporation is a small nonprofit that has been operating for 22 years, with 6 years of IRS 990 filings on record (2013–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $73K |
| Total Expenses | $80K |
| Surplus / Deficit | $-6,862 |
| Total Assets | $126K |
| Total Liabilities | $13K |
| Net Assets | $112K |
| Operating Margin | -9.4% |
| Debt-to-Asset Ratio | 10.6% |
| Months of Reserves | 18.9 months |
Financial Health Grade: B
In 2023, Hagerstown Revitalization Corporation reported a deficit of $7K with expenses exceeding revenue, holds 18.9 months of operating reserves (strong position), has a debt-to-asset ratio of 10.6% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.1% | +30.3% | -9.1% |
| 2022 | +25.6% | +7.0% | +36.3% |
| 2021 | -26.4% | -11.7% | -5.2% |
| 2020 | -15.9% | +8.7% | +76.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hagerstown Revitalization Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hagerstown Revitalization Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for an organization of this size and suggests a volunteer-driven leadership model.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hagerstown Revitalization Corporation's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing period (202309), with $79,904 in expenses against $73,042 in revenue.
Strengths
The following positive indicators were identified for Hagerstown Revitalization Corporation:
- Consistent 0% officer compensation across all filings, indicating strong dedication to mission.
- Assets have shown consistent growth, increasing from $60,569 in 2019 to $125,676 in 2023.
- Liabilities remain relatively low compared to assets, suggesting good financial management.
- Stable revenue generation over the past five years, generally between $70,000 and $110,000.
Frequently Asked Questions about Hagerstown Revitalization Corporation
Is Hagerstown Revitalization Corporation a legitimate charity?
Hagerstown Revitalization Corporation (EIN: 200871687) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 85/100. It has 6 years of IRS 990 filings on record. Total revenue: $101K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Hagerstown Revitalization Corporation spend its money?
Hagerstown Revitalization Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hagerstown Revitalization Corporation tax-deductible?
Hagerstown Revitalization Corporation is registered as a tax-exempt nonprofit (EIN: 200871687). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hagerstown Revitalization Corporation's spending goes to programs?
Hagerstown Revitalization Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hagerstown Revitalization Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hagerstown Revitalization Corporation is above average for NTEE category S31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hagerstown Revitalization Corporation located?
Hagerstown Revitalization Corporation is headquartered in Hagerstown, Maryland and files with the IRS under EIN 200871687. It is classified under NTEE code S31.
How many years of IRS 990 filings does Hagerstown Revitalization Corporation have?
Hagerstown Revitalization Corporation has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $101K in total revenue.
Is Hagerstown Revitalization Corporation a good charity?
Based on the available data, Hagerstown Revitalization Corporation appears to be a good charity. It demonstrates strong financial health with growing assets, low liabilities, and a commendable commitment to its mission by not paying officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, with assets growing from $60,569 in 2019 to $125,676 in 2023. While revenue and expenses fluctuate, the overall trend indicates stable operations and asset accumulation.
What is the organization's approach to executive compensation?
Hagerstown Revitalization Corporation reports 0% officer compensation in all available filings, indicating a volunteer-based leadership or that compensation is covered by other means not reported as officer compensation, which is a positive sign for donor confidence.
Filing History
IRS 990 filing history for Hagerstown Revitalization Corporation showing financial trends over 6 years of public records:
Total assets increased by 12567500% over the same period, from $1 to $126K. In its most recent filing year (2023), Hagerstown Revitalization Corporation reported a deficit of $7K, with expenses exceeding revenue. The organization holds $13K in liabilities against $126K in assets (debt-to-asset ratio: 10.6%), resulting in net assets of $112K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $73K | $80K | $126K | $13K | — | — |
| 2022 | $87K | $61K | $138K | $19K | — | — |
| 2021 | $69K | $57K | $101K | $8K | — | — |
| 2020 | $94K | $65K | $107K | $26K | — | — |
| 2019 | $112K | $60K | $61K | $8K | — | View 990 |
| 2013 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $73K, expenses of $80K, and assets of $126K (revenue -16.1% year-over-year).
- 2022: Revenue of $87K, expenses of $61K, and assets of $138K (revenue +25.6% year-over-year).
- 2021: Revenue of $69K, expenses of $57K, and assets of $101K (revenue -26.4% year-over-year).
- 2020: Revenue of $94K, expenses of $65K, and assets of $107K (revenue -15.9% year-over-year).
- 2019: Revenue of $112K, expenses of $60K, and assets of $61K.
- 2013: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hagerstown Revitalization Corporation:
Data Sources and Methodology
This transparency report for Hagerstown Revitalization Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.