Reach Initiative Inc

Analysis

Reach Initiative Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reach Initiative Inc reported income of $637k and spending of $486k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $771k to $637k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reach Initiative Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within WV. Charities of a similar size with the same main cause include Companeros Four Corners Immigrant Resource Center ($637k), Care Closet LBC ($637k) and G-Unity Foundation ($637k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $83k (17% of expenses). Other salaries and wages came to $206k. At year end it held assets of $551k against liabilities of $9,883, net assets of $541k. It reported 7 employees.