Hudson Valley Center for Contemporary Art

Analysis

Hudson Valley Center for Contemporary Art is a registered charity in United States, based in Peekskill, NY. It received its IRS tax-exemption ruling in December 2001, 25 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 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 December 2023, Hudson Valley Center for Contemporary Art reported income of $161k and spending of $197k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $409k to $161k (-61%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 151%. Over the whole period it spent 86% 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 Valley Center for Contemporary Art sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Bharatiya Vidya Bhavan USA Inc ($161k), Helen Arts & Heritage Council Inc ($161k) and Side by Side Studio ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 14% of the total. At year end it held assets of $2.0m against liabilities of $3,005, net assets of $2.0m.