Hudson Valley Old Time Power Association Inc

Analysis

Hudson Valley Old Time Power Association Inc is a registered charity in United States, based in Hudson, NY. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hudson Valley Old Time Power Association Inc reported income of $56k and spending of $50k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $36k to $56k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 110% 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 Old Time Power Association Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Turkish Cultural Center Albany ($56k), Culturenow Inc ($56k) and South County Concert Association Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.5% and program service revenue 65% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.