Reach-Midlothian Inc

Analysis

Reach-Midlothian Inc is a registered charity in United States, based in Midlothian, TX. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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 August 2023, Reach-Midlothian Inc reported income of $1.6m and spending of $1.6m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $374k to $1.6m (+320%), an average of +43% a year. The sharpest change came in the year to August 2020, when income rose by 111%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reach-Midlothian Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Wilmington Jaycees Foundation Inc ($1.6m), Museum of Science & Technology Foundation ($1.6m) and American Leadership Forum ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $235k (15% of expenses). Other salaries and wages came to $661k. At year end it held assets of $277k against liabilities of $14k, net assets of $263k. It reported 21 employees.