Reach Out Honduras Inc

Analysis

Reach Out Honduras Inc is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Reach Out Honduras Inc reported income of $523k and spending of $607k, spending 116% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $437k to $523k (+19%), an average of +3.6% a year. The sharpest change came in the year to December 2019, when income rose by 17%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reach Out Honduras Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include City Quake ($523k), Circusense ($523k) and New York State Trial Lawyers Institute Inc ($523k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Other salaries and wages came to $56k. At year end it held assets of $297k against liabilities of $496, net assets of $297k. It reported 1 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.