Augustana Apts of Hastings

Analysis

Augustana Apts of Hastings is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Apts of Hastings reported income of $2.0m and spending of $1.8m, spending 87% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $1.8m to $2.0m (+11%), an average of +2.2% a year. The sharpest change came in the year to December 2020, when income rose by 330%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Augustana Apts of Hastings sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include 178th Street Housing Development Fund Corporation ($2.0m), Inn Between of Longmont Inc ($2.0m) and The Development Corporation of Tarrant County ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $548k. At year end it held assets of $6.0m against liabilities of $5.3m, net assets of $731k. It reported 21 employees.