Reach the World Company

Analysis

Reach the World Company is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1998, 28 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 the World Company reported income of $484k and spending of $706k, spending 146% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $614k to $484k (-21%), an average of -5.7% a year. The sharpest change came in the year to June 2023, when income dropped by 47%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reach the World Company sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 43rd percentile within DC. Charities of a similar size with the same main cause include Cape Charles Christian School ($484k), Murray Education Foundation ($484k) and Gilmer Christian Learning Center Inc ($484k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $129k (18% of expenses). Other salaries and wages came to $327k. At year end it held assets of $182k against liabilities of $106k, net assets of $76k.