Reach Foundation

Analysis

Reach Foundation is a registered charity in United States, based in Riverton, WY. It received its IRS tax-exemption ruling in February 1981, 45 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Reach Foundation reported income of $1.8m and spending of $2.0m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.8m (+14%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Reach Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 90th percentile within WY. Charities of a similar size with the same main cause include Beloved Asheville ($1.8m), Immanuel Community Vision Foundation ($1.8m) and Bridge North Charleston ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $53k (2.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.6m against liabilities of $685k, net assets of $4.9m. It reported 56 employees.