Reaching Out Now Inc

Analysis

Reaching Out Now Inc is a registered charity in United States, based in Middletown, VA. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover food, agriculture and nutrition, 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 Out Now Inc reported income of $66k and spending of $54k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $81k to $66k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reaching Out Now Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within VA. Charities of a similar size with the same main cause include Terry Mikeska Foundation ($66k), Lock Haven Court Corp ($66k) and Collective Impact Group Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.