The Hudson Carbon Research Foundation Inc

Analysis

The Hudson Carbon Research Foundation Inc is a registered charity in United States, based in Hudson, NY. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, The Hudson Carbon Research Foundation Inc reported income of $1.3m and spending of $1.2m, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.0m to $1.3m (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, The Hudson Carbon Research Foundation Inc sits at the 81st percentile: it is larger than about 81% 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 Asset Network for Educationworldwide Inc ($1.3m), C O L Foundation ($1.3m) and Mid Atlantic Regional Air Management Assocation Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $230k (20% of expenses). Other salaries and wages came to $302k. At year end it held assets of $659k against liabilities of $50k, net assets of $609k. It reported 8 employees.