Overview
What is Reachout Inc?
Reachout Inc, located in Hamden, Connecticut, is a nonprofit organization that specializes in offering early intervention services for children from birth to three years of age at no cost to families. The organization's mission is centered around providing assistance to these young individuals, ensuring that their developmental needs are met without placing financial burdens on their families. With a dedicated workforce of 24 individuals, Reachout Inc aims to contribute positively to the lives of these young children, facilitating their growth and development during their formative years.
Official website here: www.reachoutinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Reachout Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The overall score is entirely derived from a single beacon focused on financial practices, indicating strong governance and transparency within the organization. The charity's commitment to maintaining an independent board and effective oversight mechanisms contributes significantly to its positive evaluation.
The organization has demonstrated excellence in several key areas, including having 100% independent board members and a robust audit and oversight committee. Their fiscal responsibility is highlighted by a low liabilities to assets ratio of 20.23% and an impressive program expense ratio of 85.89%, which suggests that the majority of their funds are utilized directly for programmatic purposes rather than administrative costs.
However, while the rating underscores the organization’s strengths, it does not provide insight into program outcomes or community impact. Prospective donors and volunteers may wish to seek additional information regarding the effectiveness of their programs to better understand the charity's impact on the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Reachout Inc legitimate?
Reachout Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reachout Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $98,259
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,283,243
For more financial information, click here
Official website here: www.reachoutinc.org
What is the mission statement of Reachout Inc?
Reachout Inc is committed to providing assistance to children from birth to three years of age, completely free of charge for the families. Their primary mission is to support these young children through various early intervention programs. The organization covers the costs associated with these programs, excluding general and administrative expenses. This initiative aims to provide essential support to families during their children's crucial developmental years. Reachout Inc's mission underscores its dedication to ensuring that every child, regardless of financial circumstances, has access to necessary aid during their formative years.
Official website here: www.reachoutinc.org
Who is the CEO of Reachout Inc?
Elaine Balsley is the Executive Director of Reachout Inc.
Official website here: www.reachoutinc.org
What is the revenue of Reachout Inc?
Reachout Inc's revenue in 2022 was $1,648,682.
Official website here: www.reachoutinc.org
Who are the executives of Reachout Inc and what are their salaries?
The average compensation at Reachout Inc during 2022 was $57,563. There are 24 employees at Reachout Inc.
Here are 8 key members and their salaries:
- Compensation: $98,259
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Official website here: www.reachoutinc.org
Where can I find the form 990 for Reachout Inc?
Reachout Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reachoutinc.org
Learn more at the official website: www.reachoutinc.org
Mission Statement of Reachout Inc
Reachout Inc, a nonprofit organization, is dedicated to extending a helping hand to children from their birth up to the age of three. Unlike many services, Reachout Inc provides this assistance completely free of charge for the families involved. This mission is a testament to their commitment to supporting the early developmental needs of young children, recognizing the crucial role these formative years play in shaping their future. The organization's primary focus is on delivering an early intervention program for these children, ensuring that families do not bear the financial burden during this critical period. This mission of Reachout Inc underscores their dedication to promoting the well-being and growth of children in their formative years, ultimately setting them up for a stronger foundation in life.
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Impact
July, 2024
Reachout Inc has a significant impact on children from birth to three years of age by providing essential assistance at no cost to their families. Through its early intervention program, Reachout Inc ensures that these children receive the necessary support and resources to thrive and reach their full potential. This invaluable service not only benefits the children directly but also has a lasting positive impact on their families and communities. By offering education and assistance in a critical stage of development, Reachout Inc plays a crucial role in shaping a brighter future for these young children.
This information is meant to be a general summary of Reachout Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $70,719
- Program Service Revenue: $1,573,468
- Gross Receipts: $1,840,898
Assets and Liabilities:
- Total Assets: $1,285,750
- Total Liabilities: $260,239
- Net Assets: $1,025,511
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FROM GOVERNMENT
Revenue
$1,493,500
SERVICE FEES PRIVATE
Revenue
$79,968
Organization Details
Founding Year
1994
Principal Officer
Elaine Balsley
Main Address
60 CONNOLLY PKWY NO 17A, HAMDEN, CT, 06514
Website
www.reachoutinc.orgNTEE Category
Code: B28I - Education
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