HFC United

Analysis

HFC United is a registered charity in United States, based in Hastings, MN. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 August 2021, HFC United reported income of $184k and spending of $122k, leaving 34% of income unspent that year. Across the 3 years on record, from August 2019 to August 2021, income grew from $178k to $184k (+3.7%), an average of +1.8% a year. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, HFC United sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Pitman Pride Booster Club Inc ($184k), The Igloo ($185k) and Ice Wolves Youth Hockey Association ($184k).

On its Form 990 for the period ending August 2021, revenue came from program service revenue 98% of the total. Other salaries and wages came to $40k. At year end it held assets of $272k against liabilities of -$2,982, net assets of $275k. It reported 3 employees.