Community Reach Center Foundation Inc

Analysis

Community Reach Center Foundation Inc is a registered charity in United States, based in Westminster, CO. It received its IRS tax-exemption ruling in September 1983, 43 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Community Reach Center Foundation Inc reported income of $4.3m and spending of $4.6m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.6m to $4.3m (-23%), an average of -6.3% a year. The sharpest change came in the year to June 2022, when income rose by 105%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Reach Center Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include Neighborhood Housing Services of South Florida Inc ($4.3m), Christiana Fire Company ($4.3m) and Education-Plus Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.4% and program service revenue 76% of the total. At year end it held assets of $50.1m against liabilities of $2.8m, net assets of $47.3m.