HUDSON OPERA HOUSE INC
Mission Statement
Located in the heart of historic Hudson, New York, the Hudson Opera House is New York State's oldest surviving theatre, now operated as a lively community multi-arts center that offers free or low-cost cultural activities every week of the year--more than 1,025 annually-to year-round and seasonal residents of the mid-Hudson Valley and Capital District of New York.The Hudson Opera House' s mission is to promote the arts and foster the cultural and economic development of the region.The Hudson Opera House fulfills its promise to the community by:- Restoring and preserving its historic building while adapting it to modern needs;- Offering a year-round schedule of free and low-cost educational and cultural programs, performances, workshops and community events for all ages;- Being an important partner in the continued revitalization of downtown Hudson.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
82.4% | 77.9% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
13.5% | 14.6% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
4.1% | 5.5% |
P10P90
|
Above median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
142.3% | 251.0% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
71.4 mo | 16.8 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
12.4% | 10.7% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
83.6% | 74.6% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
39.5% | 3.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
105.9% | 13.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
10.2% | -0.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $1.5M | $1.3M | $7.9M | 82.4% | 9 |
| 2022 | $1.1M | $644K | $9.1M | 79.0% | 11 |
| 2021 | $739K | $460K | N/A | — | 7 |
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