Hudson Opera House Inc

Analysis

Hudson Opera House Inc is a registered charity in United States, based in Hudson, NY. It received its IRS tax-exemption ruling in July 1993, 33 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 June 2023, Hudson Opera House Inc reported income of $1.5m and spending of $1.3m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $474k to $1.5m (+212%), an average of +46% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 78% 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 Opera House Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Huntington Arts Council Inc ($1.5m), Potato Variety Management Institute Inc ($1.5m) and Reno County Historical Society Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $96k (7.2% of expenses). Other salaries and wages came to $319k. At year end it held assets of $9.0m against liabilities of $1.1m, net assets of $7.9m. It reported 9 employees.