Hagerstown-washington County Industrial Foundation Inc
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
Hagerstown-washington County Industrial Foundation Inc is a 501(c)(6) organization based in Hagerstown, Maryland, registered in 1963, with $213,145 in FY2023 revenue. CharityIndex grades it C+.
1 S Potomac St, Hagerstown, MD, 21740 EIN 52-0737260 Since 1963
Revenue (FY2023)
$213K
▲ 31.7% vs prior year
Expenses (FY2023)
$139K
Net assets
$10.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Hagerstown-washington County Industrial Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating900 mo reserves · +35% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hagerstown-washington County Industrial Foundation Inc: 900 mo reserves · +35% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Hagerstown-washington County Industrial Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hagerstown-washington County Industrial Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1 S Potomac St, Hagerstown, MD, 21740
- City
- Hagerstown
- State
- Maryland
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $119K (FY2020) to $213K (FY2023) across 4 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $5,833Net assets $10.4M
Operating margin
34.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$10.4M
Total liabilities
$5,833
Net assets
$10.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $213,145▲31.7% | $139,137▼16.3% | $10,439,205▲4.0% | $10,445,038▲4.0% | 990 |
| 2022 | $161,794▼70.8% | $166,296▲34.7% | $10,041,498▼1.8% | $10,047,331▼34.4% | 990 |
| 2021 | $554,975▲368% | $123,482▲39.2% | $10,229,133▲3.0% | $15,319,918▲54.1% | 990 |
| 2020 | $118,522 | $88,728▼49.3% | $9,934,375▲42.5% | $9,938,510▲42.5% | 990 |
| 2011 | — | $175,125▼1.3% | $6,972,981▼1.9% | $6,973,710▼1.9% | 990 |
| 2010 | — | $177,513 | $7,104,901 | $7,108,042 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Hagerstown-washington County Industrial Foundation Inc a legitimate nonprofit?
- Yes. Hagerstown-washington County Industrial Foundation Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 52-0737260, based in Hagerstown, Maryland.
- What is Hagerstown-washington County Industrial Foundation Inc's EIN?
- Hagerstown-washington County Industrial Foundation Inc's Employer Identification Number (EIN) is 52-0737260.
- How much revenue does Hagerstown-washington County Industrial Foundation Inc report?
- Hagerstown-washington County Industrial Foundation Inc reported $213,145 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Hagerstown-washington County Industrial Foundation Inc have?
- CharityIndex grades Hagerstown-washington County Industrial Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for Hagerstown-washington County Industrial Foundation Inc (EIN 52-0737260) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.