Hutsonwood Inc

Analysis

Hutsonwood Inc is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hutsonwood Inc reported income of $6.9m and spending of $4.6m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $6.9m (+170%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 136%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hutsonwood Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Mary Bird Perkins Cancer Foundation ($6.9m), Baton Rouge Speech and Hearing Foundation Inc ($6.9m) and N-Lorem Foundation ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 65% of the total. Compensation of current officers, directors and key employees was $1.8m (40% of expenses). Other salaries and wages came to $491k. At year end it held assets of $106.1m against liabilities of $286k, net assets of $105.8m. It reported 15 employees.