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Filing year 2023

THE HITE FOUNDATION INC

Melville, New York·EIN 22-2856867·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$630k
Total assets
$15.1M
Total expenses
$795k
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2023. THE HITE FOUNDATION INC reported 3 unpaid officers and board members on its 990-PF.

Director
President
Treasurer

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$728k

Itemized grants

13

Median grant

$25k

RecipientLocationPurposeAmount
PHILHARMONIC-SYMPHONY SOCIETY OF NEW YORK INCNEW YORK, NYGENERAL SUPPORT$200k
THE LITTLE ORCHESTRA SOCIETY - ORPHEONNEW YORK, NYGENERAL SUPPORT$150k
HIASNEW YORK, NYGENERAL SUPPORT$100k
PIONERO PHILANTHROPY INCLAUDERDALE, FLGENERAL SUPPORT$52k
THE YOUNG MENS AND YOUNG WOMENS HEBREW ASSOCIATIONNEW YORK, NYGENERAL SUPPORT$50k
WNETNEW YORK, NYGENERAL SUPPORT$50k
AFRICAN PARKS FOUNDATION OF AMERICANEW YORK, NYGENERAL SUPPORT$25k
MESAYAATISGENERAL SUPPORT$25k
CENTRAL PARK CONSERVANCYNEW YORK, NYGENERAL SUPPORT$25k
YOUNG CONCERT ARTISTS INCNEW YORK, NYGENERAL SUPPORT$25k
METROPOLITAN OPERA ASSOCIATION INCNEW YORK, NYGENERAL SUPPORT$20k
THE ASPEN INSTITUTEASPEN, COGENERAL SUPPORT$5k
JAMES MADISON HIGH SCHOOL ALUMNI ASSOCIATIONBROOKLYN, NYGENERAL SUPPORT$1k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

THE HITE FOUNDATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.5M
$1.6M
2022
$630k
$795k
2023
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in New York

THE HITE FOUNDATION INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in New York earns a median of $20,079.

25th percentile
$6k
Median
$20,079
75th percentile
$88k
90th percentile
$228k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 2,519 organizations across 2,519 filings (2020 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for New York
FAQ

Common questions about THE HITE FOUNDATION INC

What are THE HITE FOUNDATION INC's revenue and expenses?

In 2023, THE HITE FOUNDATION INC reported $630k in total revenue and $795k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.