Reach Out First Inc

Analysis

Reach Out First Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2023, Reach Out First Inc reported income of $576k and spending of $398k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $285k to $576k (+102%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 132%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Reach Out First 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 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include 212 Catalysts ($576k), Economic Alliance Foundation ($577k) and Tech Serve International Inc ($576k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $62k (16% of expenses). Other salaries and wages came to $138k. At year end it held assets of $252k against liabilities of $6,332, net assets of $246k. It reported 6 employees.