Friends of Hudson River Park Inc

Analysis

Friends of Hudson River Park Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Friends of Hudson River Park Inc reported income of $5.2m and spending of $5.9m, spending 112% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $3.8m to $5.2m (+38%), an average of +11% a year. The sharpest change came in the year to March 2022, when income rose by 31%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Hudson River Park Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Y-Center of Battle Creek ($5.2m), Mississippi S Toughest Kids Foundation ($5.2m) and Norcal Premier Soccer ($5.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $315k (5.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.5m against liabilities of $2.7m, net assets of $809k. It reported 21 employees.