Reaching U a Foundation for Uruguay

Analysis

Reaching U a Foundation for Uruguay is a registered charity in United States, based in Key Biscayne, FL. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Reaching U a Foundation for Uruguay reported income of $1.2m and spending of $1.6m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $742k to $1.2m (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 83% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Reaching U a Foundation for Uruguay sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Makarios ($1.2m), Keren Torah Vechesed Inc ($1.2m) and South Africa Development Fund Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $411k (25% of expenses). At year end it held assets of $2.8m against liabilities of $369k, net assets of $2.4m.