Hasc Center Inc
Hasc Center Inc shows consistent revenue growth and operational surpluses, with no reported officer compensation in available filings.
EIN: 112630071 · Brooklyn, NY · NTEE: P820 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $111.2M |
| Total Expenses | $89.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $111M |
| Net Assets | $58.5M |
| Transparency Score | 85/100 |
Is Hasc Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hasc Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hasc Center Inc
Hasc Center Inc (EIN: 112630071) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P820. The organization reported total revenue of $111.2M and total assets of $93.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hasc Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hasc Center Inc is a major nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $97.5M |
| Total Expenses | $89.2M |
| Surplus / Deficit | +$8.3M |
| Total Assets | $83.1M |
| Total Liabilities | $24.6M |
| Net Assets | $58.5M |
| Operating Margin | 8.5% |
| Debt-to-Asset Ratio | 29.6% |
| Months of Reserves | 11.2 months |
Financial Health Grade: A
In 2023, Hasc Center Inc reported a surplus of $8.3M with revenue exceeding expenses, holds 11.2 months of operating reserves (strong position), has a debt-to-asset ratio of 29.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hasc Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.2% | +16.4% | +2.1% |
| 2022 | +45.7% | +40.5% | +6.4% |
| 2021 | +11.1% | +12.0% | +16.3% |
| 2020 | -2.3% | -1.9% | +4.7% |
| 2019 | +9.6% | +12.4% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hasc Center Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hasc Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.6%.
Executive Compensation Analysis
The available IRS 990 filings consistently report 0% officer compensation across all periods, which is highly unusual for an organization of this size ($111M latest revenue, $93M assets). This suggests either a volunteer executive leadership structure or that executive compensation is reported under different categories, warranting further investigation for full transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hasc Center Inc's IRS 990 filings:
- Consistent 0% officer compensation reported across all filings for a large organization, which may obscure actual executive remuneration if reported elsewhere.
Strengths
The following positive indicators were identified for Hasc Center Inc:
- Strong and consistent revenue growth over the past decade, from $35.4M in 2014 to $111.2M currently.
- Consistent operational surpluses, indicating sound financial management (e.g., $8.3M surplus in 2023).
- Significant growth in assets, from $45.5M in 2014 to $93M currently, strengthening the balance sheet.
- Manageable liabilities relative to assets, indicating a healthy financial position.
Frequently Asked Questions about Hasc Center Inc
Is Hasc Center Inc a legitimate charity?
Hasc Center Inc (EIN: 112630071) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $111.2M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Hasc Center Inc spend its money?
Hasc Center Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hasc Center Inc tax-deductible?
Hasc Center Inc is registered as a tax-exempt nonprofit (EIN: 112630071). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hasc Center Inc CEO make?
Hasc Center Inc's highest-compensated officer earns $111M annually. The organization reported $111.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hasc Center Inc's spending goes to programs?
Hasc Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hasc Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hasc Center Inc is above average for NTEE category P820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hasc Center Inc located?
Hasc Center Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112630071. It is classified under NTEE code P820.
How many years of IRS 990 filings does Hasc Center Inc have?
Hasc Center Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $111.2M in total revenue.
Is Hasc Center Inc financially stable?
Yes, Hasc Center Inc appears financially stable, consistently generating revenue surpluses (e.g., $97.5M revenue vs. $89.2M expenses in 2023) and demonstrating significant asset growth from $45.5M in 2014 to $93M currently.
How has Hasc Center Inc's revenue grown over time?
Hasc Center Inc has experienced substantial revenue growth, increasing from $35.4 million in 2014 to $111.2 million in its latest reported period, indicating strong fundraising and/or program expansion.
What is the organization's approach to executive compensation?
The provided IRS 990 data consistently reports 0% officer compensation across all 13 filings, which is highly unusual and suggests either a volunteer executive structure or that compensation is categorized differently, requiring further review of the full 990 forms.
Filing History
IRS 990 filing history for Hasc Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hasc Center Inc's revenue has grown by 193.9%, moving from $33.2M to $97.5M. Total assets increased by 141.6% over the same period, from $34.4M to $83.1M. Total functional expenses rose by 198.3%, from $29.9M to $89.2M. In its most recent filing year (2023), Hasc Center Inc reported a surplus of $8.3M, with revenue exceeding expenses. The organization holds $24.6M in liabilities against $83.1M in assets (debt-to-asset ratio: 29.6%), resulting in net assets of $58.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $97.5M | $89.2M | $83.1M | $24.6M | — | — |
| 2022 | $80.4M | $76.6M | $81.4M | $32.6M | — | View 990 |
| 2021 | $55.2M | $54.6M | $76.5M | $28.4M | — | View 990 |
| 2020 | $49.7M | $48.7M | $65.8M | $22.1M | — | View 990 |
| 2019 | $50.9M | $49.7M | $62.8M | $20.9M | — | View 990 |
| 2018 | $46.4M | $44.2M | $61.2M | $20.4M | — | View 990 |
| 2017 | $42.2M | $41.7M | $56.0M | $18.3M | — | View 990 |
| 2016 | $44.1M | $41.8M | $49.3M | $13.1M | — | View 990 |
| 2015 | $39.9M | $37.5M | $48.0M | $13.9M | — | View 990 |
| 2014 | $35.4M | $32.5M | $45.5M | $13.6M | — | View 990 |
| 2013 | $34.7M | $31.5M | $42.8M | $14.3M | — | View 990 |
| 2012 | $34.0M | $30.9M | $37.0M | $11.8M | — | View 990 |
| 2011 | $33.2M | $29.9M | $34.4M | $12.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $97.5M, expenses of $89.2M, and assets of $83.1M (revenue +21.2% year-over-year).
- 2022: Revenue of $80.4M, expenses of $76.6M, and assets of $81.4M (revenue +45.7% year-over-year).
- 2021: Revenue of $55.2M, expenses of $54.6M, and assets of $76.5M (revenue +11.1% year-over-year).
- 2020: Revenue of $49.7M, expenses of $48.7M, and assets of $65.8M (revenue -2.3% year-over-year).
- 2019: Revenue of $50.9M, expenses of $49.7M, and assets of $62.8M (revenue +9.6% year-over-year).
- 2018: Revenue of $46.4M, expenses of $44.2M, and assets of $61.2M (revenue +9.9% year-over-year).
- 2017: Revenue of $42.2M, expenses of $41.7M, and assets of $56.0M (revenue -4.3% year-over-year).
- 2016: Revenue of $44.1M, expenses of $41.8M, and assets of $49.3M (revenue +10.7% year-over-year).
- 2015: Revenue of $39.9M, expenses of $37.5M, and assets of $48.0M (revenue +12.6% year-over-year).
- 2014: Revenue of $35.4M, expenses of $32.5M, and assets of $45.5M (revenue +1.9% year-over-year).
- 2013: Revenue of $34.7M, expenses of $31.5M, and assets of $42.8M (revenue +2.0% year-over-year).
- 2012: Revenue of $34.0M, expenses of $30.9M, and assets of $37.0M (revenue +2.6% year-over-year).
- 2011: Revenue of $33.2M, expenses of $29.9M, and assets of $34.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hasc Center Inc:
Data Sources and Methodology
This transparency report for Hasc Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.