Reach Services Inc

Analysis

Reach Services Inc is a registered charity in United States, based in Terre Haute, IN. It received its IRS tax-exemption ruling in August 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reach Services Inc reported income of $1.5m and spending of $1.6m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $767k to $1.5m (+100%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reach Services Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.5m), New York State Association for ($1.5m) and Columbia County Senior Services Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $808k (50% of expenses). At year end it held assets of $2.9m against liabilities of $1.5m, net assets of $1.3m. It reported 25 employees.