Reach Womens Network

Analysis

Reach Womens Network is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Womens Network reported income of $224k and spending of $131k, leaving 41% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $58k to $224k (+285%), an average of +96% a year. The sharpest change came in the year to December 2023, when income rose by 178%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Reach Womens Network sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Brotherhood for the Fallen - Fort Worth TX ($223k), Greater Washington ($224k) and Lincoln County Economic Development Foundation ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $139k against liabilities of $6,959, net assets of $132k.