Hudson Area Association Library

Analysis

Hudson Area Association Library is a registered charity in United States, based in Hudson, NY. It received its IRS tax-exemption ruling in August 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Area Association Library reported income of $810k and spending of $653k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $628k to $810k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hudson Area Association Library sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Chacruna Institute for Psychedelic Plant Medicines ($810k), Literacy Council of Highlands Inc ($810k) and Greenville Montessori School ($810k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $73k (11% of expenses). Other salaries and wages came to $276k. At year end it held assets of $5.2m against liabilities of $473k, net assets of $4.7m. It reported 14 employees.