Reach Project

Analysis

Reach Project is a registered charity in United States, based in College Station, TX. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reach Project reported income of $350k and spending of $208k, leaving 40% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $178k to $350k (+97%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 52% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Reach Project sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Capitol Lakes Foundation Inc ($350k), Lutheran Nonprofit Housing Coprporation-Calvary ($350k) and Southwest Florida Gwi Housing VIII Inv ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $46k (22% of expenses). Other salaries and wages came to $109k. At year end it held assets of $494k against liabilities of $36k, net assets of $458k. It reported 5 employees.