Reach for the Top Inc

Analysis

Reach for the Top Inc is a registered charity in United States, based in Venice, CA. It received its IRS tax-exemption ruling in June 2012, 14 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 December 2023, Reach for the Top Inc reported income of $1.1m and spending of $885k, leaving 21% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $643k to $1.1m (+75%), an average of +12% a year. The sharpest change came in the year to December 2019, when income rose by 45%. 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, Reach for the Top Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Flemington Area Food Pantry Inc ($1.1m), Ebc Cares Inc ($1.1m) and The Refugee Collective ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $76k (8.6% of expenses). Other salaries and wages came to $424k. At year end it held assets of $5.1m against liabilities of $4.3m, net assets of $796k. It reported 14 employees.