I-Reach 2

Analysis

I-Reach 2 is a registered charity in United States, based in Evansville, WY. It received its IRS tax-exemption ruling in December 2002, 24 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 December 2023, I-Reach 2 reported income of $1.9m and spending of $1.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $1.9m (+4.9%), an average of +1.2% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, I-Reach 2 sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 90th percentile within WY. Charities of a similar size with the same main cause include Plymouth Housing Corporation ($1.9m), Lake Ridge Elderly Development Inc ($1.9m) and Habitat for Humanity International Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.5% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $94k (5.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.6m against liabilities of $256k, net assets of $1.3m. It reported 77 employees.