Reach for Your Potential Inc

Analysis

Reach for Your Potential Inc is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Reach for Your Potential Inc reported income of $10.7m and spending of $10.7m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $9.8m to $10.7m (+9.9%), an average of +2.4% a year. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Reach for Your Potential Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IA. Charities of a similar size with the same main cause include Fit-Nhnh Inc ($10.7m), St Jude Inc ($10.8m) and Communities First Inc ($10.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $186k (1.7% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $8.5m against liabilities of $2.6m, net assets of $6.0m. It reported 179 employees.