Hastings College

Analysis

Hastings College is a registered charity in United States, based in Hastings, NE. It received its IRS tax-exemption ruling in August 1952, 74 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hastings College reported income of $54.3m and spending of $52.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $43.2m to $54.3m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hastings College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NE. Charities of a similar size with the same main cause include University of Northern Iowa Foundation ($54.3m), Governor Dummer Academy ($54.3m) and Latin School of Chicago ($54.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $501k (1.0% of expenses). Other salaries and wages came to $11.0m. At year end it held assets of $148.0m against liabilities of $27.9m, net assets of $120.1m. It reported 611 employees.