Hastings Foundation Tr
Hastings Foundation Tr maintains strong asset base with fluctuating revenue and no reported officer compensation.
EIN: 136060454 · Pittsburgh, PA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $1.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $27 |
| Net Assets | $27.0M |
| Transparency Score | 85/100 |
Is Hastings Foundation Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hastings Foundation Tr directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hastings Foundation Tr
Hastings Foundation Tr (EIN: 136060454) is a nonprofit organization based in Pittsburgh, PA, classified under NTEE code T20. The organization reported total revenue of $3.9M and total assets of $26.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hastings Foundation Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hastings Foundation Tr is a mid-size nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.4M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$3.6M |
| Total Assets | $27.0M |
| Total Liabilities | $1 |
| Net Assets | $27.0M |
| Operating Margin | 66.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 182.8 months |
Financial Health Grade: A
In 2023, Hastings Foundation Tr reported a surplus of $3.6M with revenue exceeding expenses, holds 182.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2014–2023), Hastings Foundation Tr's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +495.9% | +7.4% | +16.0% |
| 2022 | -68.5% | +13.0% | -3.3% |
| 2021 | +257.5% | +9.7% | +6.1% |
| 2020 | +83.5% | -10.4% | -2.3% |
| 2019 | -13.7% | +6.5% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
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 Tr 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, Hastings Foundation Tr 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 $3.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer board or that executive compensation is not separately itemized as 'officer compensation' on the 990, which could be a point for further inquiry given the organization's substantial asset base of nearly $27 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 Tr's IRS 990 filings:
- Significant revenue volatility year-over-year (e.g., $898k in 2022 to $5.3M in 2023), which could indicate reliance on unpredictable income streams.
- Lack of detailed spending breakdown on 990s makes it difficult to precisely assess program efficiency.
- No reported officer compensation, which, while potentially positive, could also obscure how leadership is compensated if not volunteer.
Strengths
The following positive indicators were identified for Hastings Foundation Tr:
- Strong and growing asset base, reaching $26,962,945 in 2023, indicating excellent financial stability.
- Minimal liabilities (consistently $0 or $1), demonstrating sound financial management and low debt.
- Consistent filing of IRS Form 990s, indicating good regulatory compliance and transparency.
- Stable expense levels despite revenue fluctuations, suggesting controlled operational costs.
Frequently Asked Questions about Hastings Foundation Tr
Is Hastings Foundation Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Hastings Foundation Tr (EIN: 136060454) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Hastings Foundation Tr spend its money?
Hastings Foundation Tr directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hastings Foundation Tr tax-deductible?
Hastings Foundation Tr is registered as a tax-exempt nonprofit (EIN: 136060454). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hastings Foundation Tr CEO make?
Hastings Foundation Tr's highest-compensated officer earns $27 annually. The organization reported $3.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hastings Foundation Tr's spending goes to programs?
Hastings Foundation Tr directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hastings Foundation Tr compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hastings Foundation Tr is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hastings Foundation Tr located?
Hastings Foundation Tr is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 136060454. It is classified under NTEE code T20.
How many years of IRS 990 filings does Hastings Foundation Tr have?
Hastings Foundation Tr has 7 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 $3.9M in total revenue.
Is Hastings Foundation Tr a good charity?
As a foundation, Hastings Foundation Tr appears to be a financially stable organization with a strong asset base and minimal liabilities. Its consistent 990 filings and lack of reported officer compensation are positive indicators. However, without detailed program spending breakdowns, it's difficult to fully assess its direct charitable impact or efficiency in grant-making.
What is the primary use of the foundation's funds?
Based on its NTEE code (T20 - Foundations), the primary use of funds is likely grant-making to other organizations or individuals, which would be considered program expenses. The significant asset growth suggests a focus on endowment building to support future grant-making activities.
Why is there no officer compensation reported?
The absence of reported officer compensation could mean that the foundation is managed by a volunteer board, or that any compensation for leadership roles is categorized under other expense lines (e.g., professional fees, salaries for non-officer staff) and not specifically disclosed as 'officer compensation' on the 990.
How does the foundation manage its revenue volatility?
The foundation manages revenue volatility, which can be significant (e.g., $898k in 2022 vs. $5.3M in 2023), by maintaining a substantial and growing asset base. This endowment provides a buffer and likely generates investment income, allowing for consistent operational expenses despite fluctuating annual contributions or investment returns.
Filing History
IRS 990 filing history for Hastings Foundation Tr showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2014–2023), Hastings Foundation Tr's revenue has grown by 53.5%, moving from $3.5M to $5.4M. Total assets increased by 14.9% over the same period, from $23.5M to $27.0M. Total functional expenses fell by 1.2%, from $1.8M to $1.8M. In its most recent filing year (2023), Hastings Foundation Tr reported a surplus of $3.6M, with revenue exceeding expenses. The organization holds $1 in liabilities against $27.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $27.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.4M | $1.8M | $27.0M | $1 | — | View 990 |
| 2022 | $898K | $1.6M | $23.2M | $1 | — | View 990 |
| 2021 | $2.8M | $1.5M | $24.0M | $1 | — | — |
| 2020 | $797K | $1.3M | $22.7M | $1 | — | — |
| 2019 | $434K | $1.5M | $23.2M | $0 | — | View 990 |
| 2015 | $503K | $1.4M | $22.6M | $0 | — | View 990 |
| 2014 | $3.5M | $1.8M | $23.5M | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $5.4M, expenses of $1.8M, and assets of $27.0M (revenue +495.9% year-over-year).
- 2022: Revenue of $898K, expenses of $1.6M, and assets of $23.2M (revenue -68.5% year-over-year).
- 2021: Revenue of $2.8M, expenses of $1.5M, and assets of $24.0M (revenue +257.5% year-over-year).
- 2020: Revenue of $797K, expenses of $1.3M, and assets of $22.7M (revenue +83.5% year-over-year).
- 2019: Revenue of $434K, expenses of $1.5M, and assets of $23.2M (revenue -13.7% year-over-year).
- 2015: Revenue of $503K, expenses of $1.4M, and assets of $22.6M (revenue -85.6% year-over-year).
- 2014: Revenue of $3.5M, expenses of $1.8M, and assets of $23.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hastings Foundation Tr:
Data Sources and Methodology
This transparency report for Hastings Foundation Tr 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.