Greater Hudson Promise Neighborhood Inc

Analysis

Greater Hudson Promise Neighborhood Inc is a registered charity in United States, based in Hudson, NY. It received its IRS tax-exemption ruling in June 2020, 6 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, Greater Hudson Promise Neighborhood Inc reported income of $2.1m and spending of $1.8m, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $692k to $2.1m (+200%), an average of +73% a year. The sharpest change came in the year to December 2022, when income rose by 126%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greater Hudson Promise Neighborhood Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Circesteem Inc ($2.1m), Diversified Abilities ($2.1m) and Harvard Community Services Center ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $81k (4.5% of expenses). Other salaries and wages came to $418k. At year end it held assets of $769k against liabilities of $234k, net assets of $536k. It reported 10 employees.