Hastings Public Schools Foundation

Analysis

Hastings Public Schools Foundation is a registered charity in United States, based in Hastings, NE. It received its IRS tax-exemption ruling in February 1990, 36 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hastings Public Schools Foundation reported income of $724k and spending of $413k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $460k to $724k (+57%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hastings Public Schools Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NE. Charities of a similar size with the same main cause include Carnegie International Students Institute Corporation ($724k), Citizens Union Foundation Inc of the City of New York ($724k) and Tri-County United Way Inc ($724k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $38k (9.1% of expenses). Other salaries and wages came to $54k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.