Hastings Education Foundation Inc

Analysis

Hastings Education Foundation Inc is a registered charity in United States, based in Hastings HDSN, NY. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Education Foundation Inc reported income of $113k and spending of $95k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $102k to $113k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hastings Education Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Rotary Club of Gloucester Foundation Inc ($113k), Institute for Civility in Government ($113k) and Mabel & Leo Scott Charitable TR ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $476k against liabilities of $0, net assets of $476k.