Hudson River Housing

Analysis

Hudson River Housing is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in July 1983, 43 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, Hudson River Housing reported income of $21.9m and spending of $20.0m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.6m to $21.9m (+89%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hudson River Housing sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Inquilinos Boricuas En Accion Inc ($21.9m), Arc of New Jersey Inc ($21.9m) and Pawnee Mental Health Service Inc ($21.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $333k (1.7% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $36.1m against liabilities of $18.7m, net assets of $17.3m. It reported 260 employees.