Hudson Valley Textile Project Inc

Analysis

Hudson Valley Textile Project Inc is a registered charity in United States, based in Cornwall, NY. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Textile Project Inc reported income of $120k and spending of $194k, spending 161% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $120k (+6.8%), an average of +6.8% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hudson Valley Textile Project Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Tapestry International ($120k), Court Watch Montgomery Inc ($120k) and Hoap Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 25% of the total. At year end it held assets of $116k against liabilities of $72k, net assets of $44k.