Hastings Community Foundation Inc

Analysis

Hastings Community Foundation Inc is a registered charity in United States, based in Hastings, NE. It received its IRS tax-exemption ruling in August 1988, 38 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hastings Community Foundation Inc reported income of $3.1m and spending of $3.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.1m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 254%. Over the whole period it spent 57% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hastings Community Foundation Inc sits at the 90th percentile: it is larger than about 90% 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 United Way of Monongalia and Preston Counties Inc ($3.1m), United Way of Greater St Joseph Inc ($3.1m) and Kiwanis International Foundation Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $99k (3.3% of expenses). Other salaries and wages came to $47k. At year end it held assets of $16.2m against liabilities of $1.1m, net assets of $15.1m. It reported 3 employees.