R a C E Reaching All Children Equally

Analysis

R a C E Reaching All Children Equally is a registered charity in United States, based in Inkster, MI. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, R a C E Reaching All Children Equally reported income of $545k and spending of $669k, spending 123% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $433k to $545k (+26%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, R a C E Reaching All Children Equally 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 MI. Charities of a similar size with the same main cause include Made in Durham ($545k), California Workforce Association Foundation ($545k) and Glen View Club Scholarship Foundation ($545k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $400k. At year end it held assets of $285k against liabilities of $11k, net assets of $274k. It reported 19 employees.