Reaching Souls International Inc

Analysis

Reaching Souls International Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in July 1977, 49 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2024, Reaching Souls International Inc reported income of $9.3m and spending of $7.0m, leaving 24% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.1m to $9.3m (+82%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 79%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Reaching Souls International Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OK. Charities of a similar size with the same main cause include Simple Generosity Foundation ($9.3m), Simchat Torah Beit Midrash ($9.3m) and Desert Trails Inc ($9.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $566k (8.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $10.9m against liabilities of $232k, net assets of $10.6m. It reported 31 employees.