Hudson Institute of Mineralogy

Analysis

Hudson Institute of Mineralogy is a registered charity in United States, based in Keswick, VA. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 Institute of Mineralogy reported income of $348k and spending of $211k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $348k (-72%), an average of -27% a year. The sharpest change came in the year to December 2021, when income dropped by 77%. Over the whole period it spent 38% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hudson Institute of Mineralogy sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Warrenton Pregnancy Center ($348k), Meg Foundation ($348k) and Get Healthy Utah ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.