Overview

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Est.

2023

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

MID ATLANTIC CLEAN HYDROGEN HUB INC is a nonprofit organization dedicated to developing a regional clean hydrogen hub that aligns hydrogen producers and consumers through a connected infrastructure in the Mid-Atlantic region of the United States. With an operating budget of $6.9 million and total revenue of $5.5 million for the 2024 filing year, the organization has received significant funding, including $13.6 million from an unidentified source, indicating a potential reliance on a single funder for a substantial portion of its revenue. More information can be found on their website at www.mach-2.com.

Mission Statement

TO DEVELOP A REGIONAL CLEAN HYDROGEN HUB THAT WILL ALIGN HYDROGEN PRODUCERS AND CONSUMERS VIA A CONNECTED INFRASTRUCTURE LOCATED WITHIN THE MID-ATLANTIC REGION OF THE UNITED STATES.
Revenues
$5.5M
Expenses
$6.9M
Net Income:
-$1.3M
Assets
$3.7M
Liabilities
$5.6M
Net Assets:
-$1.9M
Operating Budget
$6.9M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$1M
Largest grant received
$1M
J
Joseph Colella
Board Member
M
Martin Wade
Board Member
M
Maayan Citron
Board Member
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  • 1 funders
  • 17 board & team members
  • 2 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is MID ATLANTIC CLEAN HYDROGEN HUB INC’s budget?
In 2024, MID ATLANTIC CLEAN HYDROGEN HUB INC reported an annual operating budget of around $6.9 million. More detailed financial information is available to registered users.
Where does MID ATLANTIC CLEAN HYDROGEN HUB INC operate?
MID ATLANTIC CLEAN HYDROGEN HUB INC is headquartered in Dover, DE.
Who funded MID ATLANTIC CLEAN HYDROGEN HUB INC recently?
In 2024, MID ATLANTIC CLEAN HYDROGEN HUB INC received grants from SUSTAINABLE ENERGY UTILITY INC. More information on this organization’s funders is available to registered users.
What is the largest grant MID ATLANTIC CLEAN HYDROGEN HUB INC received in 2024?
The largest grant to MID ATLANTIC CLEAN HYDROGEN HUB INC in 2024 exceeds $1 million.
What is MID ATLANTIC CLEAN HYDROGEN HUB INC’s reliance on government grants?
MID ATLANTIC CLEAN HYDROGEN HUB INC relied on government grants for more than 85% of their total revenue in 2024.