Hudson Housing Corporation

Analysis

Hudson Housing Corporation is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in January 1998, 28 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 (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 Housing Corporation reported income of $78k and spending of $62k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $78k (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hudson Housing Corporation sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 25th percentile within SD. Charities of a similar size with the same main cause include Phi Lambda Educational and Community Foundation Inc ($78k), On Deck Housing Inc ($78k) and Family Promise of Newrock ($78k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $3,216. At year end it held assets of $329k against liabilities of $483k, net assets of -$154k. It reported 1 employees.