Hawthorne Valley Association Inc

Analysis

Hawthorne Valley Association Inc is a registered charity in United States, based in Ghent, NY. It received its IRS tax-exemption ruling in February 1972, 54 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 August 2023, Hawthorne Valley Association Inc reported income of $11.9m and spending of $11.8m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $11.4m to $11.9m (+4.4%), an average of +1.1% a year. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hawthorne Valley Association Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Black River Area Development Corporation ($11.9m), Conservation Corps North Bay Inc ($11.9m) and Northside Economic Opportunity Network ($11.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 15% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $106k (0.9% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $12.3m against liabilities of $3.7m, net assets of $8.6m. It reported 313 employees.