Reach Cyber Charter School

Analysis

Reach Cyber Charter School is a registered charity in United States, based in Enola, PA. It received its IRS tax-exemption ruling in January 2016, 10 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 Cyber Charter School reported income of $135.5m and spending of $127.6m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $43.2m to $135.5m (+214%), an average of +33% a year. The sharpest change came in the year to June 2021, when income rose by 140%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reach Cyber Charter School sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include International Republican Institute ($134.9m), Mount Saint Marys University ($135.7m) and Horace Mann School ($134.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.5m (1.1% of expenses). Other salaries and wages came to $53.4m. At year end it held assets of $87.4m against liabilities of $16.9m, net assets of $70.5m. It reported 830 employees.