Long Beach Reach Inc

Analysis

Long Beach Reach Inc is a registered charity in United States, based in Long Beach, NY. It received its IRS tax-exemption ruling in October 1974, 52 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Long Beach Reach Inc reported income of $7.1m and spending of $6.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $7.1m (+79%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Long Beach Reach Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Divine Providence Community Home ($7.1m), Minnesota Lions Vision Foundation Inc ($7.1m) and North Central Iowa Mental Health Center Inc ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $182k (2.8% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $2.3m against liabilities of $778k, net assets of $1.5m. It reported 230 employees.