Reaching Maximum Independence Inc

Analysis

Reaching Maximum Independence Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in November 1990, 36 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 2022, Reaching Maximum Independence Inc reported income of $6.7m and spending of $5.4m, spending 81% of its income. Across the 2 years on record, from June 2020 to June 2022, income grew from $5.5m to $6.7m (+21%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reaching Maximum Independence Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Connected Roots Care Center ($6.7m), Arc Fayette ($6.7m) and Range Center Inc ($6.7m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 18% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $123k (2.3% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $6.4m against liabilities of $2.2m, net assets of $4.2m. It reported 125 employees.