Reach Inc

Analysis

Reach Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2023, Reach Inc reported income of $289k and spending of $263k, spending 91% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $261k to $289k (+11%), an average of +3.5% a year. The sharpest change came in the year to March 2022, when income rose by 17%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Reach Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within KY. Charities of a similar size with the same main cause include C O a Housing Inc ($289k), Canyon Cove Seniors Inc ($290k) and Roxbury Senior Housing Inc ($289k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 114% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $121k (46% of expenses). Other salaries and wages came to $49k. At year end it held assets of $414k against liabilities of $261k, net assets of $153k. It reported 3 employees.