FRIENDS OF HUDSON RIVER PARK INC
Mission Statement
Hudson River Park receives no government funds for its operations and maintenance, which is instead supported by limited revenues generated from within the Park and private donations. There are a number of ways to get involved and support Hudson River Park, with Friends of Hudson River Park playing the lead role in developing constituent and donor programs. We rely on contributions of both funds and time to make a difference for the Park, and are dependent on financial contributions from every sector to support upkeep of horticulture and landscaping, free events, environmental programs, and ongoing pier maintenance. The unique needs of a waterfront park provide additional financial challenges to be met, and without your help, public access to the waterfront cannot be sustained. Your participation in supporting Hudson River Park makes a real difference, to the sustainability of the Park and to the millions of New Yorkers and visitors who enjoy it. We hope HPE will join us.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
68.4% | 87.8% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
15.9% | 9.8% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
15.7% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
53.1% | 10.1% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.6 mo | 7.3 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
49.0% | 11.6% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.9% | 90.6% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
1.2% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-3.2% | 7.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
4.1% | 2.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $4.8M | $4.6M | $1.0M | 68.4% | 17 |
| 2024 | $4.7M | $4.8M | $806K | 63.6% | 20 |
| 2023 | $5.2M | $5.9M | $809K | 70.6% | 21 |
| 2022 | $4.4M | $4.3M | N/A | — | 17 |
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