Hudson Chamber Of Commerce
Hudson Chamber Of Commerce maintains stable finances with consistent revenue and low liabilities.
EIN: 20275589 · Hudson, NH · Updated: 2026-03-28
Is Hudson Chamber Of Commerce Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hudson Chamber Of Commerce directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hudson Chamber Of Commerce
Hudson Chamber Of Commerce (EIN: 20275589) is a nonprofit organization based in Hudson, NH. The organization reported total revenue of $71K and total assets of $79K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hudson Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hudson Chamber Of Commerce with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Hudson Chamber Of Commerce allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-reportable means, which is a positive indicator for minimizing administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Hudson Chamber Of Commerce:
- Consistent financial stability with growing assets (from $59,851 in 2014 to $87,272 in 2023).
- Very low liabilities, indicating strong financial health and minimal debt (e.g., $770 in 2023).
- 0% officer compensation reported across all filings, suggesting efficient use of funds.
- Regular IRS 990 filings over 13 periods demonstrate strong transparency.
- Expenses are well-controlled relative to revenue, often resulting in surpluses.
Frequently Asked Questions about Hudson Chamber Of Commerce
Is Hudson Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Hudson Chamber Of Commerce (EIN: 20275589) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Hudson Chamber Of Commerce spend its money?
Hudson Chamber Of Commerce directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hudson Chamber Of Commerce tax-deductible?
Hudson Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 20275589). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hudson Chamber Of Commerce financially stable?
Yes, the organization appears financially stable, consistently maintaining an asset base significantly larger than its liabilities (e.g., $87,272 in assets vs. $770 in liabilities in 2023) and generally operating with a surplus or small deficit.
How does the organization manage its expenses?
Expenses are well-managed, typically staying close to or below revenue levels. For example, in 2023, expenses were $65,083 against revenues of $69,499, demonstrating fiscal prudence.
Does the organization pay its officers?
According to the IRS 990 filings, officer compensation is consistently reported as 0% for all available periods, suggesting a volunteer-led structure or non-salary compensation.
Filing History
IRS 990 filing history for Hudson Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hudson Chamber Of Commerce's revenue has declined by 5%, moving from $73K to $69K. Total assets increased by 63.2% over the same period, from $53K to $87K. Total functional expenses rose by 13.5%, from $57K to $65K. In its most recent filing year (2023), Hudson Chamber Of Commerce reported a surplus of $4K, with revenue exceeding expenses. The organization holds $770 in liabilities against $87K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $87K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $69K | $65K | $87K | $770 | — | — |
| 2022 | $62K | $59K | $83K | $937 | — | View 990 |
| 2021 | $52K | $58K | $80K | $954 | — | View 990 |
| 2020 | $73K | $54K | $80K | $889 | — | View 990 |
| 2019 | $40K | $55K | $53K | $984 | — | View 990 |
| 2018 | $52K | $56K | $68K | $529 | — | View 990 |
| 2017 | $66K | $64K | $72K | $945 | — | View 990 |
| 2016 | $67K | $61K | $70K | $801 | — | View 990 |
| 2015 | $61K | $58K | $64K | $774 | — | View 990 |
| 2014 | $64K | $59K | $60K | $808 | — | View 990 |
| 2013 | $65K | $58K | $55K | $677 | — | View 990 |
| 2012 | $57K | $62K | $48K | $406 | — | View 990 |
| 2011 | $73K | $57K | $53K | $379 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $69K, expenses of $65K, and assets of $87K (revenue +12.5% year-over-year).
- 2022: Revenue of $62K, expenses of $59K, and assets of $83K (revenue +18.5% year-over-year).
- 2021: Revenue of $52K, expenses of $58K, and assets of $80K (revenue -28.9% year-over-year).
- 2020: Revenue of $73K, expenses of $54K, and assets of $80K (revenue +81.0% year-over-year).
- 2019: Revenue of $40K, expenses of $55K, and assets of $53K (revenue -22.0% year-over-year).
- 2018: Revenue of $52K, expenses of $56K, and assets of $68K (revenue -21.7% year-over-year).
- 2017: Revenue of $66K, expenses of $64K, and assets of $72K (revenue -0.5% year-over-year).
- 2016: Revenue of $67K, expenses of $61K, and assets of $70K (revenue +8.5% year-over-year).
- 2015: Revenue of $61K, expenses of $58K, and assets of $64K (revenue -3.8% year-over-year).
- 2014: Revenue of $64K, expenses of $59K, and assets of $60K (revenue -1.1% year-over-year).
- 2013: Revenue of $65K, expenses of $58K, and assets of $55K (revenue +12.8% year-over-year).
- 2012: Revenue of $57K, expenses of $62K, and assets of $48K (revenue -21.7% year-over-year).
- 2011: Revenue of $73K, expenses of $57K, and assets of $53K.
Data Sources and Methodology
This transparency report for Hudson Chamber Of Commerce 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.