Hastings Center Inc

Analysis

Hastings Center Inc is a registered charity in United States, based in Garrison, NY. It received its IRS tax-exemption ruling in November 1969, 57 years ago. 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, Hastings Center Inc reported income of $3.4m and spending of $4.7m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.8m to $3.4m (-61%), an average of -21% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hastings Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity of ($3.4m), Idaho Primary Care Association ($3.4m) and Far Hills Race Meeting Association Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $604k (13% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $13.1m against liabilities of $490k, net assets of $12.7m. It reported 30 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.