Reach Out Ministries Inc

Analysis

Reach Out Ministries Inc is a registered charity in United States, based in Flower Mound, TX. It received its IRS tax-exemption ruling in July 1981, 45 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Out Ministries Inc reported income of $442k and spending of $989k, spending 224% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $442k (-59%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Reach Out Ministries Inc 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 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Training Tomorrows Leaders ($442k), Haven of Rest ($442k) and Akron Ashtabula Cleve Baptist Assn Camp Koinonia ($442k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. Other salaries and wages came to $448k. At year end it held assets of $1.3m against liabilities of $451k, net assets of $825k. It reported 7 employees.