Safe Harbors of the Hudson Inc

Analysis

Safe Harbors of the Hudson Inc is a registered charity in United States, based in Newburgh, NY. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Safe Harbors of the Hudson Inc reported income of $2.4m and spending of $1.9m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.4m (+50%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Safe Harbors of the Hudson Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Immanuel Affordable II Inc ($2.4m), YWCA Apartments Inc ($2.4m) and Kings Stewards Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $226k (12% of expenses). Other salaries and wages came to $873k. At year end it held assets of $3.8m against liabilities of $558k, net assets of $3.2m. It reported 26 employees.