Reach Apartments Inc

Analysis

Reach Apartments Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in April 1989, 37 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 (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, Reach Apartments Inc reported income of $242k and spending of $235k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $198k to $242k (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Reach Apartments Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within OR. Charities of a similar size with the same main cause include Independent Living Horizons Thirteen Inc ($241k), Marshall Place Apartments Inc ($242k) and Columbia Community Housing Trust ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 24% of the total. At year end it held assets of $567k against liabilities of $594k, net assets of -$27k.