Hastings Rotary Foundation

Analysis

Hastings Rotary Foundation is a registered charity in United States, based in Hastings, MN. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Rotary Foundation reported income of $77k and spending of $76k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $36k to $77k (+112%), an average of +112% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hastings Rotary Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within MN. Charities of a similar size with the same main cause include White Mountain Hospice Foundation ($77k), Penobscott County Conservation Inc Trust Fund ($77k) and Project Phil Corp ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.