Reach Academy Learning Center

Analysis

Reach Academy Learning Center is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Reach Academy Learning Center reported income of $280k and spending of $280k, spending 100% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $88k to $280k (+218%), an average of +218% a year. The sharpest change came in the year to July 2023, when income rose by 218%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reach Academy Learning Center sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Anderson Impact Center Inc ($280k), Boyds Organization for Youth Development Services Inc ($281k) and Chico Childrens Museum ($280k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $106k. At year end it held assets of $16k against liabilities of $0, net assets of $16k.