Reach University

Analysis

Reach University is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in May 2010, 16 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 June 2023, Reach University reported income of $18.8m and spending of $17.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $18.8m (+1351%), an average of +95% a year. The sharpest change came in the year to June 2023, when income rose by 147%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reach University sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Educational Opportunities for Children and Families ($18.8m), Commonwealth School Inc ($18.8m) and Monarch River Academy ($18.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $509k (2.9% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $5.2m against liabilities of $1.1m, net assets of $4.1m. It reported 48 employees.