314 Hudson Street Corp

Analysis

314 Hudson Street Corp is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, 314 Hudson Street Corp reported income of $89k and spending of $107k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $61k to $89k (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 314 Hudson Street Corp sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Bridgeway Sandburg ($89k), Portage Alternative Nonprofit Housing Cororation ($89k) and Friends Handicapped Housing Inc ($89k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $8,661. At year end it held assets of $447k against liabilities of $11k, net assets of $436k.