Hudson Area Library Foundation Inc

Analysis

Hudson Area Library Foundation Inc is a registered charity in United States, based in Hudson, WI. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hudson Area Library Foundation Inc reported income of $135k and spending of $227k, spending 169% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $237k to $135k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hudson Area Library Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within WI. Charities of a similar size with the same main cause include Mississippi Scholarship Fund Inc ($135k), Anthony Wayne Band Boosters ($135k) and University Laboratory School Foundation ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $225k against liabilities of $0, net assets of $225k.