Hudson Mohawk Industrial Gateway

Analysis

Hudson Mohawk Industrial Gateway is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in April 1973, 53 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Mohawk Industrial Gateway reported income of $245k and spending of $200k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $145k to $245k (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 138% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hudson Mohawk Industrial Gateway sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Puerto Rican Folkloric Dance Inc ($245k), Cantata Collective Inc ($245k) and Colonial Pennsylvania Farmstead ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $48k (24% of expenses). At year end it held assets of $732k against liabilities of $88, net assets of $732k. It reported 1 employees.