Hudson School

Analysis

Hudson School is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in May 1979, 47 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hudson School reported income of $4.5m and spending of $5.3m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $4.5m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hudson School sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Variety Club Charity for Children Inc ($4.5m), Hospital Shared Services Association ($4.5m) and Brown Memorial Home Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 87% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $12.3m against liabilities of $2.2m, net assets of $10.1m. It reported 45 employees.