The Reaching Educating for Community Hope Foundation

Analysis

The Reaching Educating for Community Hope Foundation is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, 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 2022, The Reaching Educating for Community Hope Foundation reported income of $332k and spending of $173k, leaving 48% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $237k to $332k (+40%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 55% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Reaching Educating for Community Hope Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MS. Charities of a similar size with the same main cause include Denver Regional Capital Corporation ($331k), Florida Strawberry Research and Education Foundation Inc ($332k) and Shift Atl ($331k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $159k against liabilities of $0, net assets of $159k.