Hudson Foundation
Hudson Foundation shows volatile revenue but maintains strong assets and no officer compensation.
EIN: 10482817 · Portland, ME · NTEE: T20J · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $180K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.0M |
| Transparency Score | 75/100 |
Is Hudson Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hudson Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hudson Foundation
Hudson Foundation (EIN: 10482817) is a nonprofit organization based in Portland, ME, classified under NTEE code T20J. The organization reported total revenue of $1.2M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hudson Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hudson Foundation is a mid-size nonprofit that has been operating for 33 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -190.5% | -14.4% | +47.0% |
| 2022 | -98.3% | -11.6% | -44.6% |
| 2021 | +30197.1% | -2.1% | +23.7% |
| 2020 | -97.5% | -3.4% | +36.7% |
| 2019 | +1.1% | -13.1% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hudson Foundation with a Mission Score of 75 out of 100 (Good). 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: 85%
- fundraising: 0%
According to IRS 990 filings, Hudson Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an organization with assets over $5 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hudson Foundation's IRS 990 filings:
- Highly volatile revenue, including negative revenue in 2023 ($-27,617), which can impact operational stability.
- Consistent reporting of $1 in liabilities across all filings, which is an unusual accounting practice.
- Lack of detailed functional expense breakdown in the provided data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Hudson Foundation:
- Maintains substantial assets, with $5,167,747 in the latest period, providing a strong financial base.
- Consistently reports 0% officer compensation, indicating a lean executive cost structure.
- Long filing history (10 filings) demonstrates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Hudson Foundation
Is Hudson Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hudson Foundation (EIN: 10482817) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Hudson Foundation spend its money?
Hudson Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hudson Foundation tax-deductible?
Hudson Foundation is registered as a tax-exempt nonprofit (EIN: 10482817). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hudson Foundation CEO make?
Hudson Foundation's highest-compensated officer earns $5 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Hudson Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hudson Foundation is above average for NTEE category T20J nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hudson Foundation located?
Hudson Foundation is headquartered in Portland, Maine and files with the IRS under EIN 10482817. It is classified under NTEE code T20J.
How many years of IRS 990 filings does Hudson Foundation have?
Hudson Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.2M in total revenue.
How does Hudson Foundation manage its significant revenue volatility?
The filings show extreme fluctuations, from negative revenue in 2023 ($-27,617) to over $1.8 million in 2021. Understanding the sources of this revenue and how the organization plans for such variability is crucial for assessing long-term sustainability.
What specific programs or grants does Hudson Foundation support with its expenses?
Given its NTEE code as a Private Grantmaking Foundation, the primary 'program' activity would be grantmaking. A detailed breakdown of how the expenses (e.g., $179,908 in 2023) are allocated to grants versus administrative costs is not provided in the summary data, making it hard to assess program impact.
Why are liabilities consistently reported as $1 across all filings?
This consistent reporting of a nominal $1 liability across all periods is unusual and warrants further investigation to understand the organization's accounting practices for liabilities.
Filing History
IRS 990 filing history for Hudson Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hudson Foundation's revenue has declined by 111.7%, moving from $235K to $-27,617. Total assets increased by 44.9% over the same period, from $2.8M to $4.0M. Total functional expenses rose by 28.3%, from $140K to $180K. The organization holds $1 in liabilities against $4.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-27,617 | $180K | $4.0M | $1 | — | View 990 |
| 2022 | $31K | $210K | $2.7M | $1 | — | View 990 |
| 2021 | $1.8M | $238K | $4.9M | $1 | — | — |
| 2020 | $6K | $243K | $4.0M | $1 | — | View 990 |
| 2019 | $246K | $251K | $2.9M | $1 | — | View 990 |
| 2015 | $243K | $289K | $2.9M | $1 | — | View 990 |
| 2014 | $224K | $243K | $3.0M | $1 | — | View 990 |
| 2013 | $289K | $215K | $3.0M | $1 | — | View 990 |
| 2012 | $344K | $198K | $2.9M | $1 | — | View 990 |
| 2011 | $235K | $140K | $2.8M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-27,617, expenses of $180K, and assets of $4.0M (revenue -190.5% year-over-year).
- 2022: Revenue of $31K, expenses of $210K, and assets of $2.7M (revenue -98.3% year-over-year).
- 2021: Revenue of $1.8M, expenses of $238K, and assets of $4.9M (revenue +30197.1% year-over-year).
- 2020: Revenue of $6K, expenses of $243K, and assets of $4.0M (revenue -97.5% year-over-year).
- 2019: Revenue of $246K, expenses of $251K, and assets of $2.9M (revenue +1.1% year-over-year).
- 2015: Revenue of $243K, expenses of $289K, and assets of $2.9M (revenue +8.9% year-over-year).
- 2014: Revenue of $224K, expenses of $243K, and assets of $3.0M (revenue -22.7% year-over-year).
- 2013: Revenue of $289K, expenses of $215K, and assets of $3.0M (revenue -15.9% year-over-year).
- 2012: Revenue of $344K, expenses of $198K, and assets of $2.9M (revenue +46.1% year-over-year).
- 2011: Revenue of $235K, expenses of $140K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hudson Foundation:
Data Sources and Methodology
This transparency report for Hudson Foundation 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.