Greater Hudson Promise Neighborhood Inc
EIN: 850949720 · Hudson, NY · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.8M |
| Net Assets | $536K |
Is Greater Hudson Promise Neighborhood Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greater Hudson Promise Neighborhood Inc
Greater Hudson Promise Neighborhood Inc (EIN: 850949720) is a nonprofit organization based in Hudson, NY, classified under NTEE code P20. The organization reported total revenue of $2.3M and total assets of $568K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Hudson Promise Neighborhood Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Hudson Promise Neighborhood Inc is a mid-size nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 146.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$272K |
| Total Assets | $769K |
| Total Liabilities | $234K |
| Net Assets | $536K |
| Operating Margin | 13.1% |
| Debt-to-Asset Ratio | 30.4% |
| Months of Reserves | 5.1 months |
Financial Health Grade: A
In 2023, Greater Hudson Promise Neighborhood Inc reported a surplus of $272K with revenue exceeding expenses, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 30.4% (moderate leverage).
Financial Trends
Over 4 years of filings (2020–2023), Greater Hudson Promise Neighborhood Inc's revenue has grown at a compound annual growth rate (CAGR) of 146.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.7% | +21.1% | +93.9% |
| 2022 | +126.1% | +180.8% | +20.1% |
| 2021 | +401.9% | +757.0% | +334.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Greater Hudson Promise Neighborhood Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Greater Hudson Promise Neighborhood Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $272K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.4%.
Frequently Asked Questions about Greater Hudson Promise Neighborhood Inc
Is Greater Hudson Promise Neighborhood Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Hudson Promise Neighborhood Inc (EIN: 850949720) insufficient data. 0 red flags identified, 0 strengths noted.
How does Greater Hudson Promise Neighborhood Inc spend its money?
Detailed spending breakdown data is not yet available for Greater Hudson Promise Neighborhood Inc. Check back for updated IRS 990 analysis.
Are donations to Greater Hudson Promise Neighborhood Inc tax-deductible?
Greater Hudson Promise Neighborhood Inc is registered as a tax-exempt nonprofit (EIN: 850949720). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greater Hudson Promise Neighborhood Inc located?
Greater Hudson Promise Neighborhood Inc is headquartered in Hudson, New York and files with the IRS under EIN 850949720. It is classified under NTEE code P20.
How many years of IRS 990 filings does Greater Hudson Promise Neighborhood Inc have?
Greater Hudson Promise Neighborhood Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $2.3M in total revenue.
Filing History
IRS 990 filing history for Greater Hudson Promise Neighborhood Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Greater Hudson Promise Neighborhood Inc's revenue has grown by 1405.3%, moving from $138K to $2.1M. Total assets increased by 912.9% over the same period, from $76K to $769K. Total functional expenses rose by 2813.2%, from $62K to $1.8M. In its most recent filing year (2023), Greater Hudson Promise Neighborhood Inc reported a surplus of $272K, with revenue exceeding expenses. The organization holds $234K in liabilities against $769K in assets (debt-to-asset ratio: 30.4%), resulting in net assets of $536K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.8M | $769K | $234K | — | — |
| 2022 | $1.6M | $1.5M | $397K | $114K | — | View 990 |
| 2021 | $692K | $530K | $330K | $93K | — | View 990 |
| 2020 | $138K | $62K | $76K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.8M, and assets of $769K (revenue +32.7% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.5M, and assets of $397K (revenue +126.1% year-over-year).
- 2021: Revenue of $692K, expenses of $530K, and assets of $330K (revenue +401.9% year-over-year).
- 2020: Revenue of $138K, expenses of $62K, and assets of $76K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Hudson Promise Neighborhood Inc:
Data Sources and Methodology
This transparency report for Greater Hudson Promise Neighborhood Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.