NEW HYTES INC

BRANFORD, CT, 06405-6124 (919) 808-6284 Est. 2010 EIN 27-0772846

O50 - Youth Development Programs 990 - Public charity return 501(c)(3)

www.newhytes.org

Mission

TO ENRICH THE LIVES AND POSITIVELY AFFECT THE FUTURES OF NEW HAVEN'S ECONOMICALLY DISADVANTAGED YOUTH THROUGH A PROGRAM THAT INCORPORATES LIFE SKILLS CURRICULUM AND ACADEMIC SUPPORTS AND PROMOTES BOTH CHARACTER BUILDING AND THE HEALTH BENEFITS OF PARTICIPATION IN ATHLETICS THROUGH TENNIS.

Financials

Total Revenue

$674,866

Total Expenses

$345,050

Net Assets

$637,082

2 employees 60 volunteers

From latest filing (tax period ending 2023-12-31)

Financial Health

Operating Reserve

22.2 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 60.8%

Expenses ↑ 30.4%

Revenue Sources

Contributions 100.2%

Expense Breakdown

Program 72.7% Management 13.1% Fundraising 14.1%

Officers & Key Employees (19)

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Grants Received (46)

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Filing History (5 filings)

Year	Revenue	Expenses	Net Assets
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$674,866 ↑	$345,050	$637,082
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$419,818 ↑	$264,549	$306,703
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$153,711 ↓	$224,842	$197,338
2019 990 - Public charity return Jan 1, 2019 to Dec 31, 2019	$242,633 ↓	$248,375	$268,469
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$268,081	$232,864	$274,211