Hudson Foundation

Analysis

Hudson Foundation is a registered charity in United States, based in Hudson, MI. It received its IRS tax-exemption ruling in March 1985, 41 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 June 2024, Hudson Foundation reported income of $564k and spending of $148k, leaving 74% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $265k to $564k (+113%), an average of +21% a year. The sharpest change came in the year to June 2024, when income rose by 235%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hudson Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include St Marys Health Center Jefferson City Missouri Foundation ($564k), Little Sun Inc ($564k) and Chehalis-Centralia Railroad & Museum ($564k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.9% of the total. At year end it held assets of $2.7m against liabilities of $33k, net assets of $2.6m.