Reach Asia Ministries Inc

Analysis

Reach Asia Ministries Inc is a registered charity in United States, based in Lewisville, TX. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Asia Ministries Inc reported income of $149k and spending of $88k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $149k (+162%), an average of +162% a year. The sharpest change came in the year to December 2023, when income rose by 162%. Over the whole period it spent 63% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Reach Asia Ministries Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include Jitb Church Inc ($149k), Orchos Chaim Chabura - a NJ Nonprofit Corporation ($149k) and Dean Caldwell Ministries Inc ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.