Hit the Books Inc

EIN: 842795993 501(c)(3) Youth Development

New York, NY

Total Revenue
$2,468,494
Total Expenses
$1,107,617
Total Assets
$1,895,276
Net Assets
$1,618,475
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NY
Principal Officer
Justin Haber
Phone
2123922660
Tax Period
2025-01-01 to 2025-12-31

Hit the Books Inc, founded in 2019, is a community nonprofit in the Youth Development sector that reported $2.5M in total revenue in fiscal year 2025. Revenue surged 140% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 55% operating margin.

Mission

Hit the Books ("HTB") aims to bring additional educational resources to underserved communities through a sports-based development approach, with tutoring and mentorship at its core and mixed martial arts as the 'hook'. HTB will serve as an after-school community center to facilitate career development and help make any and every goal achievable for its students.

Program Service Accomplishments

Program 1
Expenses: $1,033,535

For the charitable purposes of providing underprivileged youth with after-school boxing classes, educational programs such as academic tutoring, and mentorship in order to help them develop outside...

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For the charitable purposes of providing underprivileged youth with after-school boxing classes, educational programs such as academic tutoring, and mentorship in order to help them develop outside of the classroom physically, intellectually, and emotionally; providing them with educational and professional opportunities that may otherwise pass them by through fostering an environment of educational equality; and developing into a community within a community where they feel safe and view the gym as a second home.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $2,453,817
Program Service Revenue $0
Investment Income $14,677
Other Revenue $0
TOTAL REVENUE $2,468,494

Expense Breakdown

Grants Paid $0
Salaries & Benefits $668,777
Fundraising Expenses $0
Program Expenses $1,033,535
Other Expenses $438,840
TOTAL EXPENSES $1,107,617

Year-over-Year Comparison

2025 2024 Change
Revenue $2,468,494 $1,026,509 +1.4%
Expenses $1,107,617 $1,082,873 +0.0%
Net Income $1,360,877 $-56,364 -25.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
26
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$189,469
Total Directors
6
$189,469
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jhae Thompson Board Member/ Exec Director 40.0
Officer Director
$165,393 $24,076 $189,469
Justin Haber Board Chair 1.0
Officer Director
$0 $0 $0
Zachary levy Board Vice Chair 1.0
Officer Director
$0 $0 $0
Mark Bai Board Member 1.0
Director
$0 $0 $0
Jordan Barrow BOARD MEMBER 1.0
Director
$0 $0 $0
Andrew Silver Secretary 1.0
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,468,494 $1,107,617 $1,895,276 $1,360,877
2024 $1,026,509 $1,082,873 $730,731 $-56,364
2023 $954,849 $931,496 $954,855 $23,353
2022 $750,134 $753,975 $1,093,410 $-3,841
2021 $627,242 $691,257 $1,278,065 $-64,015
2020 $508,493 $252,410 $368,100 $256,083
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