The Tyler Hughes Fund

Analysis

The Tyler Hughes Fund is a registered charity in United States, based in Enfield, CT. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Tyler Hughes Fund reported income of $88k and spending of $34k, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $140k to $88k (-37%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Tyler Hughes Fund sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within CT. Charities of a similar size with the same main cause include Adventures for the Mind Foundation Inc ($88k), Century 21 at the Crossing Foundation Inc ($88k) and Bay City Lions Charities Inc ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $320k against liabilities of $13k, net assets of $307k.