Reach Newtown Inc

Analysis

Reach Newtown Inc is a registered charity in United States, based in Brookfield, CT. It received its IRS tax-exemption ruling in December 2013, 13 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 June 2023, Reach Newtown Inc reported income of $417k and spending of $339k, spending 81% of its income. Across the 4 years on record, from December 2019 to June 2023, income grew from $408k to $417k (+2.1%), an average of +0.7% a year. The sharpest change came in the year to June 2023, when income dropped by 37%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reach Newtown Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within CT. Charities of a similar size with the same main cause include Darrelle Revis Foundation Inc ($416k), Petersburg Library Foundation Inc ($417k) and Silver Creek Dragons Foundation ($416k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (18% of expenses). Other salaries and wages came to $94k. At year end it held assets of $361k against liabilities of $148k, net assets of $213k.