Hudson Downtown Business Improvement District Inc

Analysis

Hudson Downtown Business Improvement District Inc is a registered charity in United States, based in Hudson, MA. It received its IRS tax-exemption ruling in October 2018, 8 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 2022, Hudson Downtown Business Improvement District Inc reported income of $178k and spending of $156k, spending 88% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $166k to $178k (+7.5%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hudson Downtown Business Improvement District Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include North Central Development Center Inc ($178k), Pryor Main Street ($178k) and The Imani Group Inc ($178k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Other salaries and wages came to $36k. At year end it held assets of $185k against liabilities of $9,624, net assets of $176k. It reported 1 employees.