Reach for the Stars Learning Center

Analysis

Reach for the Stars Learning Center is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2006, 20 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 August 2023, Reach for the Stars Learning Center reported income of $5.0m and spending of $4.9m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.1m to $5.0m (+24%), an average of +5.4% a year. The sharpest change came in the year to August 2023, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reach for the Stars Learning Center sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Texas Association of Secondary School Principals ($5.0m), Education Is Freedom Foundation ($5.0m) and Clarksville Christian School Inc ($5.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $55k (1.1% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $3.3m against liabilities of $1.2m, net assets of $2.1m. It reported 93 employees.