Reachout Inc

Analysis

Reachout Inc is a registered charity in United States, based in Hamden, CT. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reachout Inc reported income of $2.1m and spending of $1.9m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $2.1m (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reachout Inc 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 86th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Freedom Prep Academy - Mesa ($2.1m), Bear River Charter School ($2.1m) and Ybmc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $115k (6.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.5m against liabilities of $247k, net assets of $1.2m. It reported 24 employees.