Hasc Transportation Corp

Analysis

Hasc Transportation Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hasc Transportation Corp reported income of $1.4m and spending of $1.2m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.4m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hasc Transportation Corp sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Bridging Communities Inc ($1.4m), Pathways Community Center Inc ($1.4m) and Cheshire Project ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 84% of the total. Compensation of current officers, directors and key employees was $53k (4.3% of expenses). At year end it held assets of -$12k against liabilities of $184k, net assets of -$196k. It reported 29 employees.