Hastings Seniors Housing

Analysis

Hastings Seniors Housing is a registered charity in United States, based in Hastings, NE. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 February 2023, Hastings Seniors Housing reported income of $428k and spending of $443k, spending 104% of its income. Across the 5 years on record, from February 2019 to February 2023, income fell from $438k to $428k (-2.4%), an average of -0.6% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hastings Seniors Housing sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NE. Charities of a similar size with the same main cause include Communicare Health Foundation ($427k), Warrior Now Inc ($428k) and The Shafer Center for Crisis Intervention ($427k).

On its Form 990 for the period ending February 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $87k. At year end it held assets of $1.5m against liabilities of $169k, net assets of $1.4m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.