RED HOOK INITIATIVE

BROOKLYN, NY, 11231-2505 (718) 858-6782 Est. 2006 EIN 20-3904662

P80— Human Services Form 990 501(c)(3)

www.rhicenter.org

Mission

RHI BELIEVES THAT SOCIAL CHANGE TO OVERCOME SYSTEMIC INEQUITIES BEGINS WITH EMPOWERED YOUTH. IN PARTNERSHIP WITH COMMUNITY ADULTS, WE NURTURE YOUNG PEOPLE IN RED HOOK TO BE INSPIRED, RESILIENT, AND HEALTHY, AND TO ENVISION THEMSELVES AS CO-CREATORS OF THEIR LIVES, COMMUNITY AND SOCIETY. WE ENVISION A RED HOOK WHERE ALL YOUNG PEOPLE CAN PURSUE THEIR DREAMS AND GROW INTO INDEPENDENT ADULTS WHO CONTRIBUTE TO THEIR FAMILIES AND COMMUNITY.

Financials

Total Revenue

$4,625,356

Total Expenses

$4,700,497

Net Assets

$3,761,499

210 employees 460 volunteers

From latest filing (tax period ending 2024-06-30)

Financial Health

Operating Reserve

9.6 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 35.7%

Expenses ↓ 8.1%

Revenue Sources

Contributions 97.7% Earned revenue 1.0% Investment 0.1% Other 1.0%

Expense Breakdown

Program 78.8% Management 10.6% Fundraising 10.6%

Officers & Key Employees (17)

Sign up free to see all officers. We treat individual compensation with extra care; named amounts are on Grow plans.

Grants Received (103)

Looking for funders for your nonprofit? Sign up free to find foundations open to applications.

Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2023 Form 990	$4,625,356 ↑	$4,700,497	$3,761,499
2022 Form 990	$3,408,492 ↓	$5,117,406	$3,837,319
2021 Form 990	$7,948,570 ↑	$4,622,219	$5,547,231
2020 Form 990	$3,769,963 ↓	$4,378,208	$2,220,880
2019 Form 990	$5,587,154 ↑	$4,592,531	$2,829,125
2018 Form 990	$4,418,874	$4,281,909	$2,134,502