Hastings Museum Foundation Inc

Analysis

Hastings Museum Foundation Inc is a registered charity in United States, based in Hastings, NE. It received its IRS tax-exemption ruling in March 1986, 40 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Hastings Museum Foundation Inc reported income of $153k and spending of $180k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $153k (+89%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hastings Museum Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within NE. Charities of a similar size with the same main cause include American Dance Machine for the 21st Century Foundation Inc ($153k), International Society of Managing &technical Editors Inc ($153k) and Arts Council of Crockett Tennessee ($153k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $50k (28% of expenses). At year end it held assets of $878k against liabilities of $102k, net assets of $776k. It reported 1 employees.