Reach Community Development Inc

Analysis

Reach Community Development Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in September 1982, 44 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Community Development Inc reported income of $30.4m and spending of $28.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.5m to $30.4m (+64%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Reach Community Development Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OR. Charities of a similar size with the same main cause include Full Circle Communities Inc ($30.2m), Buckner Senior Living Inc ($30.4m) and Mission Housing Development Corp ($30.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $392k (1.4% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $101.6m against liabilities of $80.0m, net assets of $21.6m. It reported 207 employees.