Hudson River School of Music Inc

Analysis

Hudson River School of Music Inc is a registered charity in United States, based in Dobbs Ferry, NY. It received its IRS tax-exemption ruling in March 1972, 54 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hudson River School of Music Inc reported income of $482k and spending of $435k, spending 90% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $293k to $482k (+64%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hudson River School of Music Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Franklin Civic Operetta Assoc ($482k), Mount Airy Museum of Regional History Inc ($482k) and Florence Little Theatre ($482k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Other salaries and wages came to $302k. At year end it held assets of $479k against liabilities of -$18k, net assets of $497k. It reported 10 employees.