Hastings Cable Community Access Corp

Analysis

Hastings Cable Community Access Corp is a registered charity in United States, based in Hastings, MN. It received its IRS tax-exemption ruling in January 1987, 39 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 December 2023, Hastings Cable Community Access Corp reported income of $378k and spending of $372k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $373k to $378k (+1.5%), an average of +0.4% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hastings Cable Community Access Corp sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include American Friends of Mercaz Hatorah Inc ($378k), Norwood Square Inc ($378k) and Whitneyville Cultural Commons Inc ($378k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $80k (21% of expenses). Other salaries and wages came to $124k. At year end it held assets of $595k against liabilities of $20k, net assets of $575k. It reported 7 employees.