Reaching for Independence Inc

Analysis

Reaching for Independence Inc is a registered charity in United States, based in Scotia, CA. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover human services, 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 December 2023, Reaching for Independence Inc reported income of $2.1m and spending of $2.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.1m (+14%), an average of +3.2% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reaching for Independence Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Orange Valley Social Settlement Ttees ($2.1m), Hospice and Palliative Care of the Wood River Valley Inc ($2.1m) and Riverdale Senior Services Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $256k (12% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.1m against liabilities of $316k, net assets of $1.8m. It reported 83 employees.