Arts Mid-Hudson Inc

Analysis

Arts Mid-Hudson Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in July 2004, 22 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 December 2023, Arts Mid-Hudson Inc reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $699k to $1.2m (+68%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Mid-Hudson Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Kidsplay Childrens Museum Inc ($1.2m), Canal Winchester Area Historical Society Inc ($1.2m) and Trash Mountain Project Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $73k (6.8% of expenses). Other salaries and wages came to $260k. At year end it held assets of $855k against liabilities of $586k, net assets of $269k. It reported 11 employees.