Reach Education Inc

Analysis

Reach Education Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2009, 17 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 June 2023, Reach Education Inc reported income of $561k and spending of $727k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $922k to $561k (-39%), an average of -12% a year. The sharpest change came in the year to June 2020, when income rose by 133%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reach Education Inc 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 72nd percentile, and in the 45th percentile within DC. Charities of a similar size with the same main cause include Brenda Glass Multi Purpose Center ($561k), Mias Miracles Foundation Inc ($561k) and Knafayim Inc ($561k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $121k (17% of expenses). At year end it held assets of $659k against liabilities of $50k, net assets of $609k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.