Hudson Milestones Inc
Hudson Milestones: Strong Financials, Declining Revenue, and High Executive Compensation
EIN: 221758926 · Jersey City, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $10.5M |
| Total Expenses | $10.0M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $328,576 |
| Net Assets | $13.4M |
| Transparency Score | 75/100 |
Is Hudson Milestones Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hudson Milestones Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hudson Milestones Inc
Hudson Milestones Inc (EIN: 221758926) is a nonprofit organization based in Jersey City, NJ. The organization reported total revenue of $10.5M and total assets of $16.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hudson Milestones Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hudson Milestones Inc is a large nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.9M |
| Total Expenses | $10.0M |
| Surplus / Deficit | $-62,878 |
| Total Assets | $16.7M |
| Total Liabilities | $3.3M |
| Net Assets | $13.4M |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 19.6% |
| Months of Reserves | 20.1 months |
Financial Health Grade: B
In 2023, Hudson Milestones Inc reported a deficit of $63K with expenses exceeding revenue, holds 20.1 months of operating reserves (strong position), has a debt-to-asset ratio of 19.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hudson Milestones Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.6% | +6.6% | +0.8% |
| 2022 | +16.7% | +13.6% | +20.0% |
| 2021 | +6.7% | +8.9% | +18.6% |
| 2020 | +1.7% | -0.4% | +22.2% |
| 2019 | +25.6% | +3.4% | +30.0% |
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 Milestones Inc 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: 75%
- fundraising: 10%
According to IRS 990 filings, Hudson Milestones Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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:
- The organization reported a deficit of $63K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.6%.
Executive Compensation Analysis
Executive compensation appears high relative to the organization's revenue, with the CEO's salary of $328,576 in 2023 representing a significant portion of the total expenses.
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 Milestones Inc's IRS 990 filings:
- Revenue has seen a notable decline from $12,196,005 in 2022 to $9,929,952 in 2023, a decrease of over 18%.
- The organization's liabilities have steadily increased over the past few years, from $3,073,963 in 2021 to $3,285,766 in 2023.
- Despite declining revenue, executive compensation has remained high, raising questions about resource allocation.
Strengths
The following positive indicators were identified for Hudson Milestones Inc:
- Hudson Milestones maintains a strong asset base, with total assets consistently growing, reaching $16,724,322 in 2023.
- The organization has a history of consistent program spending, indicating a commitment to its mission.
- The net assets have shown consistent growth over the years, demonstrating financial stability.
Frequently Asked Questions about Hudson Milestones Inc
Is Hudson Milestones Inc a legitimate charity?
Hudson Milestones Inc (EIN: 221758926) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $10.5M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Hudson Milestones Inc spend its money?
Hudson Milestones Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Hudson Milestones Inc tax-deductible?
Hudson Milestones Inc is registered as a tax-exempt nonprofit (EIN: 221758926). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hudson Milestones Inc CEO make?
Hudson Milestones Inc's highest-compensated officer earns $328,576 annually. The organization reported $10.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hudson Milestones Inc's spending goes to programs?
Hudson Milestones Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Hudson Milestones Inc located?
Hudson Milestones Inc is headquartered in Jersey City, New Jersey and files with the IRS under EIN 221758926.
How many years of IRS 990 filings does Hudson Milestones Inc have?
Hudson Milestones Inc has 13 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 $10.5M in total revenue.
What does Hudson Milestones Inc do?
Hudson Milestones Inc is a nonprofit organization in the Unknown sector, located in Jersey City, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Hudson Milestones Inc have?
Hudson Milestones Inc reported total revenue of $10,521,759. Based on 13 IRS 990 filings on record.
What are Hudson Milestones Inc's total assets?
Hudson Milestones Inc holds total assets of $16,929,888 as reported in IRS 990 filings.
Where is Hudson Milestones Inc located?
Hudson Milestones Inc is based in Jersey City, New Jersey.
What is Hudson Milestones Inc's EIN?
Hudson Milestones Inc's Employer Identification Number (EIN) is 221758926. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hudson Milestones Inc?
Hudson Milestones Inc is classified under NTEE code Unknown (Unknown).
Is Hudson Milestones Inc a registered 501(c)(3)?
Hudson Milestones Inc appears in IRS records (EIN: 221758926). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Hudson Milestones Inc file IRS Form 990?
Yes, Hudson Milestones Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Hudson Milestones Inc's revenue in 2023?
In the 202306 filing period, Hudson Milestones Inc reported total revenue of $9,929,952, total expenses of $9,992,830, and net assets of $16,724,322.
Is Hudson Milestones Inc's revenue growing or declining?
Hudson Milestones Inc's revenue is declining. Revenue went from $12,196,005 (202206) to $9,929,952 (202306), a -18.6% change. Based on 13 filings on record.
What is Hudson Milestones Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Hudson Milestones Inc covers tax period 202306. It shows revenue of $9,929,952, expenses of $9,992,830, total assets of $16,724,322, and liabilities of $3,285,766.
How much does Hudson Milestones Inc spend on programs vs administration?
Based on IRS 990 analysis, Hudson Milestones Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Hudson Milestones Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Hudson Milestones Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Hudson Milestones Inc?
The following concerns were identified: Revenue has seen a notable decline from $12,196,005 in 2022 to $9,929,952 in 2023, a decrease of over 18%.. The organization's liabilities have steadily increased over the past few years, from $3,073,963 in 2021 to $3,285,766 in 2023.. Despite declining revenue, executive compensation has remained high, raising questions about resource allocation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hudson Milestones Inc's strengths?
Positive indicators for Hudson Milestones Inc include: Hudson Milestones maintains a strong asset base, with total assets consistently growing, reaching $16,724,322 in 2023.. The organization has a history of consistent program spending, indicating a commitment to its mission.. The net assets have shown consistent growth over the years, demonstrating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Hudson Milestones Inc compensate executives?
Executive compensation appears high relative to the organization's revenue, with the CEO's salary of $328,576 in 2023 representing a significant portion of the total expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the significant revenue decline from 2022 to 2023, and what strategies are in place to reverse this trend?
The provided data shows a drop from $12,196,005 in 2022 to $9,929,952 in 2023. Without further narrative, the specific causes are unclear, but it warrants investigation into funding sources, program changes, or external economic factors.
Given the consistent growth in assets and liabilities, what is the organization's long-term financial strategy regarding debt management and asset utilization?
The organization's assets have grown from $7,345,097 in 2018 to $16,724,322 in 2023, while liabilities have also increased. Understanding the nature of these liabilities (e.g., program-related debt, capital expenditures) and how assets are being leveraged is crucial for assessing long-term financial health.
Filing History
IRS 990 filing history for Hudson Milestones Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hudson Milestones Inc's revenue has grown by 11%, moving from $8.9M to $9.9M. Total assets increased by 114.9% over the same period, from $7.8M to $16.7M. Total functional expenses rose by 12.6%, from $8.9M to $10.0M. In its most recent filing year (2023), Hudson Milestones Inc reported a deficit of $63K, with expenses exceeding revenue. The organization holds $3.3M in liabilities against $16.7M in assets (debt-to-asset ratio: 19.6%), resulting in net assets of $13.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.9M | $10.0M | $16.7M | $3.3M | — | View 990 |
| 2022 | $12.2M | $9.4M | $16.6M | $3.2M | — | View 990 |
| 2021 | $10.5M | $8.3M | $13.8M | $3.1M | — | View 990 |
| 2020 | $9.8M | $7.6M | $11.7M | $3.4M | — | View 990 |
| 2019 | $9.6M | $7.6M | $9.5M | $3.5M | — | View 990 |
| 2018 | $7.7M | $7.4M | $7.3M | $3.3M | — | View 990 |
| 2017 | $8.1M | $7.8M | $6.8M | $3.1M | — | View 990 |
| 2016 | $7.9M | $8.1M | $6.5M | $3.2M | — | View 990 |
| 2015 | $7.9M | $8.4M | $6.9M | $3.3M | — | View 990 |
| 2014 | $8.7M | $8.9M | $7.6M | $3.6M | — | View 990 |
| 2013 | $8.9M | $8.8M | $7.6M | $3.4M | — | View 990 |
| 2012 | $8.8M | $9.0M | $7.4M | $3.3M | — | View 990 |
| 2011 | $8.9M | $8.9M | $7.8M | $3.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.9M, expenses of $10.0M, and assets of $16.7M (revenue -18.6% year-over-year).
- 2022: Revenue of $12.2M, expenses of $9.4M, and assets of $16.6M (revenue +16.7% year-over-year).
- 2021: Revenue of $10.5M, expenses of $8.3M, and assets of $13.8M (revenue +6.7% year-over-year).
- 2020: Revenue of $9.8M, expenses of $7.6M, and assets of $11.7M (revenue +1.7% year-over-year).
- 2019: Revenue of $9.6M, expenses of $7.6M, and assets of $9.5M (revenue +25.6% year-over-year).
- 2018: Revenue of $7.7M, expenses of $7.4M, and assets of $7.3M (revenue -5.3% year-over-year).
- 2017: Revenue of $8.1M, expenses of $7.8M, and assets of $6.8M (revenue +2.0% year-over-year).
- 2016: Revenue of $7.9M, expenses of $8.1M, and assets of $6.5M (revenue +0.5% year-over-year).
- 2015: Revenue of $7.9M, expenses of $8.4M, and assets of $6.9M (revenue -8.9% year-over-year).
- 2014: Revenue of $8.7M, expenses of $8.9M, and assets of $7.6M (revenue -2.2% year-over-year).
- 2013: Revenue of $8.9M, expenses of $8.8M, and assets of $7.6M (revenue +1.0% year-over-year).
- 2012: Revenue of $8.8M, expenses of $9.0M, and assets of $7.4M (revenue -1.9% year-over-year).
- 2011: Revenue of $8.9M, expenses of $8.9M, and assets of $7.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hudson Milestones Inc:
Data Sources and Methodology
This transparency report for Hudson Milestones 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.