Community Reach of Montgomery County Inc

Analysis

Community Reach of Montgomery County Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in November 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Community Reach of Montgomery County Inc reported income of $3.2m and spending of $3.3m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.2m (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Reach of Montgomery County Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Neuro Kids Inc ($3.2m), Bluesun Inc ($3.2m) and Path People Attempting to Help ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $197k (6.0% of expenses). Other salaries and wages came to $990k. At year end it held assets of $1.8m against liabilities of $527k, net assets of $1.3m. It reported 60 employees.