Augustana Home of Hastings

Analysis

Augustana Home of Hastings is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Augustana Home of Hastings reported income of $10.2m and spending of $10.1m, spending 100% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $8.2m to $10.2m (+24%), an average of +4.4% a year. The sharpest change came in the year to December 2020, when income rose by 295%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Augustana Home of Hastings sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Sunshine Community Health Center Inc ($10.2m), University of Maryland Charles Regional Health Inc ($10.2m) and Parker at Monroe Inc ($10.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Other salaries and wages came to $5.3m. At year end it held assets of $4.7m against liabilities of $4.3m, net assets of $395k. It reported 319 employees.