Hastings Area Swim Team Boosters Inc

Analysis

Hastings Area Swim Team Boosters Inc is a registered charity in United States, based in Hastings, MN. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 August 2023, Hastings Area Swim Team Boosters Inc reported income of $199k and spending of $209k, spending 105% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $245k to $199k (-19%), an average of -5.1% a year. The sharpest change came in the year to August 2020, when income dropped by 27%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hastings Area Swim Team Boosters Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within MN. Charities of a similar size with the same main cause include Bay Area Sports Club ($199k), Black Womens Player Collective Inc ($199k) and Des Moines Capitals Hockey Club ($199k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.2% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $51k (25% of expenses). Other salaries and wages came to $38k. At year end it held assets of $6,974 against liabilities of $0, net assets of $6,974. It reported 4 employees.