Reach Ministries Inc

Analysis

Reach Ministries Inc is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in December 1999, 27 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 December 2023, Reach Ministries Inc reported income of $276k and spending of $269k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $276k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 356%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Reach Ministries Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Friends of the Bridegroom ($276k), Christian Mission Inc ($276k) and West Virginia Institute for Spirituality Inc ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $29k against liabilities of $24k, net assets of $4,841.