Paramount Hudson Valley Arts

Analysis

Paramount Hudson Valley Arts is a registered charity in United States, based in Peekskill, NY. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Paramount Hudson Valley Arts reported income of $2.2m and spending of $2.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $873k to $2.2m (+148%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 292%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Paramount Hudson Valley Arts sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Honolulu Theatre for Youth ($2.2m), Kids Dance Outreach Inc ($2.2m) and Children After School Arts ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 92% of the total. Other salaries and wages came to $440k. At year end it held assets of $1.2m against liabilities of $450k, net assets of $706k. It reported 11 employees.