Hastings Catholic Schools Foundation

Analysis

Hastings Catholic Schools Foundation is a registered charity in United States, based in Hastings, NE. It received its IRS tax-exemption ruling in January 1985, 41 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 June 2023, Hastings Catholic Schools Foundation reported income of $3.1m and spending of $4.3m, spending 142% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $607k to $3.1m (+404%), an average of +72% a year. The sharpest change came in the year to June 2021, when income rose by 194%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hastings Catholic Schools Foundation sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within NE. Charities of a similar size with the same main cause include CBM Ministries Inc ($3.1m), Habitat for Humanity International Inc ($3.1m) and Boys & Girls Club of Lancaster ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $8.2m against liabilities of $3,386, net assets of $8.2m.