Reach for the Stars Development Center Inc

Analysis

Reach for the Stars Development Center Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 for the Stars Development Center Inc reported income of $102k and spending of $168k, spending 165% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $102k (-90%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 92%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Reach for the Stars Development Center Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within PA. Charities of a similar size with the same main cause include Rotary Club of San Luis Obispo Charities Inc ($102k), Spencer Partnership Inc ($102k) and Destination Duluth ($102k).

At year end it held assets of $332k against liabilities of $150k, net assets of $182k.