Reach Academy Charter School

Analysis

Reach Academy Charter School is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Reach Academy Charter School reported income of $11.0m and spending of $9.7m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $11.0m (+188%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reach Academy Charter School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Presidio Hill School ($11.0m), Innovation Montessori Ocoee Inc ($11.0m) and Shawn Carter Scholarship Fund ($11.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $204k (2.1% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $13.8m against liabilities of $10.0m, net assets of $3.9m. It reported 80 employees.