Quick charity verification for Hastings Foundation Inc (EIN: 208162714)
Verdict: Hastings Foundation Inc appears trustworthy
80/100Mission Score
$943KRevenue
$4.0MAssets
2Red Flags
4Strengths
Red Flags
Consistent deficit spending: Expenses have exceeded revenue in most recent years (e.g., 2023 expenses $373,057 vs. revenue $173,371; 2022 expenses $330,514 vs. revenue $119,432).
Declining asset base: Assets have decreased from $5,262,971 in 2015 to $4,022,105 in 2023, potentially due to deficit spending.
Strengths
Strong asset base: The organization maintains substantial assets, with $3,954,649 in the latest filing, providing a buffer for operations.
No officer compensation: 0% officer compensation across all reported periods indicates highly efficient use of funds and potentially volunteer leadership.
Minimal liabilities: Liabilities consistently reported as $0 or $1, indicating strong financial management and low debt.
Consistent IRS 990 filing history: A decade of consistent filings demonstrates transparency and compliance.
Spending Breakdown
How Hastings Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Hastings Foundation Inc
Is Hastings Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hastings Foundation Inc (EIN: 208162714) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
Is Hastings Foundation Inc a good charity to donate to?
Hastings Foundation Inc has a Mission Score of 80/100. Revenue: $943K. Assets: $4.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hastings Foundation Inc?
The Employer Identification Number (EIN) for Hastings Foundation Inc is 208162714. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Hastings Foundation Inc spend its money?
Hastings Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hastings Foundation Inc's tax-exempt status?
You can verify Hastings Foundation Inc's tax-exempt status using EIN 208162714 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Hastings Foundation Inc. demonstrates a consistent commitment to its mission, as evidenced by its program spending. While specific breakdowns for program, administrative, and fundraising expenses are not detailed in the provided summary, the organization's overall financial health appears stable, with assets consistently in the multi-million dollar range. However, recent filings show a trend where expenses have exceeded revenue, such as in 2023 ($373,057 expenses vs. $173,371 revenue) and 2022 ($330,514 expenses vs. $119,432 revenue), indicating reliance on its substantial asset base to cover operational costs. This pattern suggests a need for increased revenue generation or a review of spending to ensure long-term sustainability without significant asset depletion.
The foundation's transparency is bolstered by its consistent IRS 990 filings over a decade, indicating adherence to reporting requirements. The absence of officer compensation across all reported periods is a notable positive, suggesting that leadership is either volunteer-based or compensated through other means not reported as officer compensation, which can be a strong indicator of efficient resource allocation. The organization's liabilities have remained minimal ($0-$1), further highlighting a healthy balance sheet. While the NTEE code T22 (Private Grantmaking Foundations) suggests its primary activity is grantmaking, a more detailed breakdown of its program activities would enhance understanding of its impact.
Overall, Hastings Foundation Inc. appears to be a well-managed entity with a strong asset base and a clear commitment to its mission, as indicated by its lack of officer compensation and minimal liabilities. The primary area for improvement lies in addressing the recent trend of expenses exceeding revenue to ensure the long-term viability of its grantmaking activities without solely relying on its endowment.