Hudson Lab School

Analysis

Hudson Lab School is a registered charity in United States, based in Hastings HDSN, NY. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Hudson Lab School reported income of $1.2m and spending of $1.4m, spending 115% of what it took in. Across the 2 years on record, from December 2022 to August 2023, income grew from $809k to $1.2m (+54%), an average of +54% a year. The sharpest change came in the year to August 2023, when income rose by 54%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hudson Lab School sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Hand in Hand Early Childhood Center Inc ($1.2m), Park Slope Afterschool Center Corp ($1.2m) and Queensborough Community College Fund Inc ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $214k (15% of expenses). Other salaries and wages came to $610k. At year end it held assets of $622k against liabilities of $866k, net assets of -$244k.