Mid Hudson Pattern for Progress Inc

Analysis

Mid Hudson Pattern for Progress Inc is a registered charity in United States, based in Newburgh, NY. It received its IRS tax-exemption ruling in January 1966, 60 years ago. 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, Mid Hudson Pattern for Progress Inc reported income of $867k and spending of $756k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $867k (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid Hudson Pattern for Progress Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Natchez Trace Council ($867k), Tracy Interfaith Ministries ($867k) and Quinebaug Valley Community College Foundation Inc ($867k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $208k (28% of expenses). Other salaries and wages came to $356k. At year end it held assets of $940k against liabilities of $30k, net assets of $911k. It reported 6 employees.