Hastings Foundation Inc
Hastings Foundation consistently spends more than it earns, relying on its multi-million dollar asset base.
EIN: 208162714 · Darien, CT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $943K |
| Total Expenses | $373K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $4.0M |
| Transparency Score | 80/100 |
Is Hastings Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hastings Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hastings Foundation Inc
Hastings Foundation Inc (EIN: 208162714) is a nonprofit organization based in Darien, CT, classified under NTEE code T22. The organization reported total revenue of $943K and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hastings Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hastings Foundation Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $173K |
| Total Expenses | $373K |
| Surplus / Deficit | $-199,686 |
| Total Assets | $4.0M |
| Total Liabilities | $1 |
| Net Assets | $4.0M |
| Operating Margin | -115.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 129.4 months |
Financial Health Grade: B
In 2023, Hastings Foundation Inc reported a deficit of $200K with expenses exceeding revenue, holds 129.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Hastings Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +45.2% | +12.9% | -3.9% |
| 2022 | -63.7% | -10.5% | -7.5% |
| 2021 | +29.4% | -17.4% | -1.1% |
| 2020 | -13.6% | +69.6% | -4.1% |
| 2019 | +10.0% | -10.1% | -9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Hastings Foundation Inc with a Mission Score of 80 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, Hastings Foundation 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 deficit of $200K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size with assets nearing $4 million.
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 Hastings Foundation Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Hastings Foundation Inc:
- 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.
Frequently Asked Questions about Hastings Foundation Inc
Is Hastings Foundation Inc a legitimate charity?
Hastings Foundation Inc (EIN: 208162714) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 80/100. It has 10 years of IRS 990 filings on record. Total revenue: $943K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Hastings Foundation Inc spend its money?
Hastings Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hastings Foundation Inc tax-deductible?
Hastings Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208162714). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hastings Foundation Inc CEO make?
Hastings Foundation Inc's highest-compensated officer earns $4 annually. The organization reported $943K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hastings Foundation Inc's spending goes to programs?
Hastings Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hastings Foundation Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Hastings Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hastings Foundation Inc located?
Hastings Foundation Inc is headquartered in Darien, Connecticut and files with the IRS under EIN 208162714. It is classified under NTEE code T22.
How many years of IRS 990 filings does Hastings Foundation Inc have?
Hastings Foundation Inc has 10 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 $943K in total revenue.
Is Hastings Foundation Inc. financially sustainable given recent expense trends?
While the foundation has substantial assets ($3,954,649 in latest filing), recent years (e.g., 2023, 2022) show expenses significantly exceeding revenue, indicating a reliance on its endowment. This trend, if continued, could impact long-term sustainability.
How does the lack of officer compensation impact the organization?
The 0% officer compensation across all filings suggests a highly efficient operation, potentially run by volunteers or individuals compensated through other means, which allows more funds to be directed towards its mission.
What is the primary purpose of Hastings Foundation Inc.?
Based on its NTEE code T22, Hastings Foundation Inc. is classified as a Private Grantmaking Foundation, meaning its primary purpose is to provide grants to other organizations or individuals.
Filing History
IRS 990 filing history for Hastings Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hastings Foundation Inc's revenue has grown by 55.9%, moving from $111K to $173K. Total assets decreased by 13.4% over the same period, from $4.6M to $4.0M. Total functional expenses rose by 85.5%, from $201K to $373K. In its most recent filing year (2023), Hastings Foundation Inc reported a deficit of $200K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $173K | $373K | $4.0M | $1 | — | — |
| 2022 | $119K | $331K | $4.2M | $1 | — | View 990 |
| 2021 | $329K | $369K | $4.5M | $1 | — | — |
| 2020 | $254K | $447K | $4.6M | $1 | — | — |
| 2019 | $294K | $264K | $4.8M | $1 | — | View 990 |
| 2015 | $267K | $293K | $5.3M | $0 | — | View 990 |
| 2014 | $105K | $210K | $5.3M | $0 | — | View 990 |
| 2013 | $145K | $172K | $4.9M | $0 | — | View 990 |
| 2012 | $411K | $176K | $4.9M | $0 | — | View 990 |
| 2011 | $111K | $201K | $4.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $173K, expenses of $373K, and assets of $4.0M (revenue +45.2% year-over-year).
- 2022: Revenue of $119K, expenses of $331K, and assets of $4.2M (revenue -63.7% year-over-year).
- 2021: Revenue of $329K, expenses of $369K, and assets of $4.5M (revenue +29.4% year-over-year).
- 2020: Revenue of $254K, expenses of $447K, and assets of $4.6M (revenue -13.6% year-over-year).
- 2019: Revenue of $294K, expenses of $264K, and assets of $4.8M (revenue +10.0% year-over-year).
- 2015: Revenue of $267K, expenses of $293K, and assets of $5.3M (revenue +154.1% year-over-year).
- 2014: Revenue of $105K, expenses of $210K, and assets of $5.3M (revenue -27.7% year-over-year).
- 2013: Revenue of $145K, expenses of $172K, and assets of $4.9M (revenue -64.6% year-over-year).
- 2012: Revenue of $411K, expenses of $176K, and assets of $4.9M (revenue +269.7% year-over-year).
- 2011: Revenue of $111K, expenses of $201K, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hastings Foundation Inc:
Data Sources and Methodology
This transparency report for Hastings Foundation 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.