Hastings Catholic Ed Found

Analysis

Hastings Catholic Ed Found is a registered charity in United States, based in Hastings, MN. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Catholic Ed Found reported income of $177k and spending of $119k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $115k to $177k (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 49% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hastings Catholic Ed Found sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include Word Works Worship Center ($177k), Price Harris Evangelistic Association Inc ($177k) and Bible Explorations Inc ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.