Reaching Out Community Services Inc

Analysis

Reaching Out Community Services Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 June 2023, Reaching Out Community Services Inc reported income of $1.9m and spending of $1.4m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $972k to $1.9m (+93%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 108%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reaching Out Community Services 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 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Cornerstone of Beaver County ($1.9m), Jubilee Association Inc ($1.9m) and Inner-County Outreach Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.2m against liabilities of $13k, net assets of $2.2m. It reported 16 employees.