The Reach Corporation

Analysis

The Reach Corporation is a registered charity in United States, based in Morganfield, KY. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, The Reach Corporation reported income of $10.2m and spending of $8.1m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.7m to $10.2m (+51%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Reach Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include American Agape Foundation Inc ($10.2m), Anne Arundel Workforce Development Corporation ($10.2m) and Greater Jamaica Development Corp ($10.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 76% of the total. Other salaries and wages came to $4.0m. At year end it held assets of $5.2m against liabilities of $2.3m, net assets of $2.8m. It reported 266 employees.