Hudson Valley Current Inc

Analysis

Hudson Valley Current Inc is a registered charity in United States, based in Kingston, NY. It received its IRS tax-exemption ruling in June 2019, 7 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, Hudson Valley Current Inc reported income of $613k and spending of $551k, spending 90% of its income. Across the 5 years on record, from February 2020 to December 2023, income grew from $330k to $613k (+86%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hudson Valley Current Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Greater Lima Region Inc ($613k), Del Mar Foundaion ($613k) and Real Estate Executive Council Foundation ($612k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $105k (19% of expenses). Other salaries and wages came to $51k. At year end it held assets of $89k against liabilities of $145k, net assets of -$56k. It reported 9 employees.