Reach Literacy

Analysis

Reach Literacy is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in February 1988, 38 years ago. 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 2023, Reach Literacy reported income of $570k and spending of $387k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $219k to $570k (+160%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reach Literacy sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within SD. Charities of a similar size with the same main cause include South Park Area Redevelopment Committee ($570k), Lead Ohio Foundation ($570k) and St Louis Association of Community Organizations ($570k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 18% of the total. Other salaries and wages came to $219k. At year end it held assets of $588k against liabilities of $2,130, net assets of $586k. It reported 10 employees.