Reach Studio Art Center

Analysis

Reach Studio Art Center is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Reach Studio Art Center reported income of $341k and spending of $369k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $380k to $341k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income dropped by 22%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reach Studio Art Center sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Tutoring Plus of Cambridge Inc ($341k), Batesville Community Education Foundation Inc ($341k) and Spiro School Foundation for Excellence in Education Inc ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $68k (18% of expenses). Other salaries and wages came to $113k. At year end it held assets of $1.4m against liabilities of $125, net assets of $1.4m. It reported 9 employees.