Reach Out II Apartments Inc

Analysis

Reach Out II Apartments Inc is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Reach Out II Apartments Inc reported income of $143k and spending of $160k, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $138k to $143k (+4.1%), an average of +1.0% a year. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reach Out II Apartments Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within AR. Charities of a similar size with the same main cause include El Monte-South El Monte Emergency Resources Association ($143k), Peace Valley Foundation Inc ($143k) and Life Styles Foundation Inc ($143k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 46% of the total. Other salaries and wages came to $40k. At year end it held assets of $344k against liabilities of $1.2m, net assets of -$895k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.