Reach Foundation

Analysis

Reach Foundation is a registered charity in United States, based in Lincoln Park, MI. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Reach Foundation reported income of $1.0m and spending of $998k, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $626k to $1.0m (+68%), an average of +14% a year. The sharpest change came in the year to September 2022, when income rose by 33%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reach Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Cetera Inc ($1.0m), Government Center Child Care Corporation ($1.0m) and Saint Vincent Mission Inc ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $392k. At year end it held assets of $86k against liabilities of $0, net assets of $86k. It reported 18 employees.