Hoosic River Revival Inc

Analysis

Hoosic River Revival Inc is a registered charity in United States, based in North Adams, MA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Hoosic River Revival Inc reported income of $75k and spending of $43k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $75k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 48% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hoosic River Revival Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include Wake Forest Innovation Quarter CDC ($75k), Waado ($75k) and Construction Safety Council of Northeast Ohio ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $235k against liabilities of $0, net assets of $235k.