Reach Services Inc

Analysis

Reach Services Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in June 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 October 2023, Reach Services Inc reported income of $450k and spending of $414k, spending 92% of its income. Across the 3 years on record, from October 2021 to October 2023, income grew from $265k to $450k (+70%), an average of +30% a year. The sharpest change came in the year to October 2022, when income rose by 51%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reach Services Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Agape Service Foundation Inc ($450k), Seymour Osman Community Center and Youth Safe Haven ($450k) and James P Harrington Organization Inc ($450k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $171k. At year end it held assets of $208k against liabilities of $2,338, net assets of $206k. It reported 7 employees.