Reach Education Fund

Analysis

Reach Education Fund is a registered charity in United States, based in Worth, IL. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reach Education Fund reported income of $1.9m and spending of $1.6m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.9m (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 115%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reach Education Fund sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Jumpstart Coalition for Personal Financial Literacy ($1.9m), Teachunited ($1.9m) and Mindspark Learning ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $191k (12% of expenses). Other salaries and wages came to $73k. At year end it held assets of $640k against liabilities of $471k, net assets of $169k. It reported 3 employees.