Reach Cny Inc

Analysis

Reach Cny Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2024, Reach Cny Inc reported income of $1.4m and spending of $1.4m, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.2m to $1.4m (+13%), an average of +2.4% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Reach Cny Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Lifes Energy Wellness Center ($1.4m), ALS United of Georgia Inc ($1.4m) and St Vincent Infirmary Development Foundation ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $80k (5.6% of expenses). Other salaries and wages came to $654k. At year end it held assets of $1.1m against liabilities of $281k, net assets of $853k. It reported 30 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.