Hastings Family Service

Analysis

Hastings Family Service is a registered charity in United States, based in Hastings, MN. It received its IRS tax-exemption ruling in October 1970, 56 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 Family Service reported income of $2.2m and spending of $2.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.2m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hastings Family Service sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Covenant Christian School ($2.2m), Northend Jewish School ($2.2m) and Ezra International ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $129k (6.4% of expenses). Other salaries and wages came to $464k. At year end it held assets of $3.3m against liabilities of $80k, net assets of $3.2m. It reported 20 employees.