Reach Project Inc

Analysis

Reach Project Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Project Inc reported income of $4.3m and spending of $4.7m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $226k to $4.3m (+1808%), an average of +109% a year. The sharpest change came in the year to December 2021, when income rose by 622%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Reach Project Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Claxton Medical PC ($4.3m), American Society of Nuclear Cardiology ($4.3m) and California Institute of Health & Social Services ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $765k (16% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $1.1m against liabilities of $1.7m, net assets of -$627k. It reported 55 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.