North Hudson Regional Council of Mayors

Analysis

North Hudson Regional Council of Mayors is a registered charity in United States, based in Union, NJ. It received its IRS tax-exemption ruling in December 1979, 47 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 December 2023, North Hudson Regional Council of Mayors reported income of $1.6m and spending of $1.6m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.6m (+15%), an average of +3.6% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Hudson Regional Council of Mayors sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Westernaires ($1.6m), Chicago Media Project ($1.6m) and National Christian Charitable Foundation Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $110k (6.8% of expenses). Other salaries and wages came to $415k. At year end it held assets of $621k against liabilities of $192k, net assets of $429k. It reported 39 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.