Hudson River Museum of Westchester

Analysis

Hudson River Museum of Westchester is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in August 1955, 71 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 2023, Hudson River Museum of Westchester reported income of $3.4m and spending of $3.1m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $3.4m (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 95% 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 Museum of Westchester sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Sweet Adelines International Corporation ($3.4m), International Food Information Council Foundation ($3.4m) and Halcyon House ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $466k (15% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $9.5m against liabilities of $802k, net assets of $8.7m. It reported 84 employees.