Reaching New Heights Foundation Inc

Analysis

Reaching New Heights Foundation Inc is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Reaching New Heights Foundation Inc reported income of $102k and spending of $117k, spending 115% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $189k to $102k (-46%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 37%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reaching New Heights Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include USA Track & Field Inc ($102k), Institute for Excellence in Government ($102k) and Colchester Hayward Volunteer Fire Company ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Other salaries and wages came to $26k. At year end it held assets of $19k against liabilities of $0, net assets of $19k.