Hudson Community Foundation

Analysis

Hudson Community Foundation is a registered charity in United States, based in Hudson, OH. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Community Foundation reported income of $6.2m and spending of $5.8m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $6.2m (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hudson Community Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Parker Ranch Foundation TR 091092 ($6.2m), Jewish Federation of Greater Kansas City ($6.3m) and United Way of San Diego County ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $100k (1.7% of expenses). Other salaries and wages came to $38k. At year end it held assets of $30.5m against liabilities of $1.0m, net assets of $29.5m. It reported 4 employees.