Reachsa

Analysis

Reachsa is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2021, Reachsa reported income of $55k and spending of $51k, spending 94% of its income. Across the 2 years on record, from December 2020 to December 2021, income grew from $31k to $55k (+78%), an average of +78% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reachsa sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within TX. Charities of a similar size with the same main cause include Maiden Factor Foundation Inc ($55k), Breakin Bread Ministries Inc ($55k) and Global Compassion Foundation ($55k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $20k (38% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.