Hudson River Sloop Clearwater Inc

Analysis

Hudson River Sloop Clearwater Inc is a registered charity in United States, based in Beacon, NY. It received its IRS tax-exemption ruling in August 2023, 3 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 November 2023, Hudson River Sloop Clearwater Inc reported income of $1.1m and spending of $1.6m, spending 139% of what it took in. Across the 6 years on record, from November 2018 to November 2023, income fell from $2.2m to $1.1m (-48%), an average of -12% a year. The sharpest change came in the year to November 2020, when income dropped by 44%. Over the whole period it spent 116% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Hudson River Sloop Clearwater Inc sits at the 79th percentile: it is larger than about 79% 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 Alaska Resource Education ($1.1m), Fractracker Alliance ($1.1m) and Alabama Association of Conservation Districts ($1.1m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 58% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $113k (7.2% of expenses). Other salaries and wages came to $766k. At year end it held assets of $1.5m against liabilities of $589k, net assets of $907k. It reported 64 employees.