Hudson Milestones Inc

Analysis

Hudson Milestones Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in July 1993, 33 years ago. 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 Milestones Inc reported income of $9.9m and spending of $10.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.6m to $9.9m (+3.1%), an average of +0.8% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hudson Milestones Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Adult & Teen Challenge of Texas ($9.9m), Piedmont Liability Trust ($9.9m) and Young Womens Christian Assoc of Kalamazoo ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $443k (4.4% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $16.7m against liabilities of $3.3m, net assets of $13.4m. It reported 172 employees.