Hastings Education Enrichment Foundation

Analysis

Hastings Education Enrichment Foundation is a registered charity in United States, based in Hastings, MI. It received its IRS tax-exemption ruling in April 1986, 40 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 2024, Hastings Education Enrichment Foundation reported income of $84k and spending of $27k, leaving 68% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $57k to $84k (+48%), an average of +8.2% a year. The sharpest change came in the year to June 2022, when income rose by 218%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hastings Education Enrichment Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within MI. Charities of a similar size with the same main cause include Community Helping Hand ($84k), PTA California Congress of Parents Teachers & Students Inc ($84k) and National Ambucs Inc ($84k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% of the total. At year end it held assets of $762k against liabilities of $0, net assets of $762k.