Reach Memphis

Analysis

Reach Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in November 2007, 19 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 September 2023, Reach Memphis reported income of $464k and spending of $484k, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $492k to $464k (-5.7%), an average of -1.4% a year. The sharpest change came in the year to September 2020, when income rose by 111%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reach Memphis sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within TN. Charities of a similar size with the same main cause include Excellence in Education Foundation ($464k), Academy for the Love of Learning Inc ($464k) and Sun Valley Policy Forum Inc ($464k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $88k (18% of expenses). Other salaries and wages came to $183k. At year end it held assets of $1.0m against liabilities of $3,992, net assets of $1.0m. It reported 8 employees.