United Way of Hastings

Analysis

United Way of Hastings is a registered charity in United States, based in Hastings, MN. It received its IRS tax-exemption ruling in August 1982, 44 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, United Way of Hastings reported income of $217k and spending of $263k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $268k to $217k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way of Hastings sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Lake Area Foundation Inc ($217k), Give Hope Foundation Inc ($217k) and Sharedimpact Foundation Inc ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $64k (24% of expenses). Other salaries and wages came to $3,850. At year end it held assets of $245k against liabilities of $50k, net assets of $195k. It reported 1 employees.