Reach New Heights Inc

Analysis

Reach New Heights Inc is a registered charity in United States, based in Osprey, FL. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Reach New Heights Inc reported income of $265k and spending of $338k, spending 127% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $419k to $265k (-37%), an average of -37% a year. The sharpest change came in the year to December 2022, when income dropped by 37%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reach New Heights Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include New Life CDC Inc ($265k), Phillips Free Library ($265k) and Mamaroneck Schools Foundation Inc ($265k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. At year end it held assets of $141k against liabilities of $60k, net assets of $81k.