Hudson Cultural Alliance Inc

Analysis

Hudson Cultural Alliance Inc is a registered charity in United States, based in Hudson, MA. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hudson Cultural Alliance Inc reported income of $261k and spending of $164k, leaving 37% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $25k to $261k (+937%), an average of +118% a year. The sharpest change came in the year to June 2022, when income rose by 362%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hudson Cultural Alliance Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Old Town Commercial Association ($261k), Greater Port Washington Business Improvement District Assoc Inc ($261k) and Muslim Outreach and Volunteer Enterprise Inc ($261k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. It paid $618 in professional fundraising fees. At year end it held assets of $265k against liabilities of $0, net assets of $265k.