Overview
What is Reach Inc?
Reach Inc, based in Eutaw, Alabama, is a community outreach organization with a mission to uplift underprivileged residents and groups with substantial low income. Established with the aim to enhance their economic, educational, and social levels, Reach Inc serves to raise awareness, combat issues like racial tensions, sickness, poverty, and crime, and expand opportunities for adequate low-cost housing accommodations. The nonprofit organization operates with a small team of dedicated individuals, emphasizing the importance of uplifting and empowering underserved communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star rating)
Reach Inc has received a 71% rating from Charity Navigator, indicating a moderate level of accountability and financial health. Notably, the organization boasts a fully independent board, which is a positive indicator of governance. They are also commendable for their effective management of resources, with no material diversion of assets reported and a high program expense ratio of 75.48%, suggesting that a significant portion of their funding is directed towards their programs.
The organization demonstrates strong practices in documentation and financial management, as evidenced by their compliance with document retention protocols and the consistent recording of board meeting minutes. Their liabilities to assets ratio of 43.84% shows that they maintain a healthy balance, indicating financial stability.
However, the overall Two-Star rating suggests there are areas for improvement in accountability and transparency that could enhance their overall effectiveness and public trust. While their board structure and financial ratios are strong, further engagement in transparency measures could help elevate their rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Reach Inc legitimate?
Reach Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reach 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,931
For more financial information, click here
What is the mission statement of Reach Inc?
Reach Inc, as an outreach organization, is committed to elevating the economic, educational, and social standing of underprivileged residents in the community and other disadvantaged groups with substantial low income. Its purpose is to alleviate poverty, combat racial tensions, and enhance educational opportunities. Reach Inc also strives to expand the available opportunities for these residents and groups to secure affordable housing accommodations. It aims to raise awareness and end various societal issues, ultimately leading to a more prosperous and equitable community.
Who is the CEO of Reach Inc?
Martin Walker is the President of Reach Inc.
What is the revenue of Reach Inc?
Reach Inc's revenue in 2022 was $1,503,973.
Who are the executives of Reach Inc and what are their salaries?
The average compensation at Reach Inc during 2022 was $27,931. There is 1 employee at Reach Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Reach Inc?
Reach Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Reach Inc
Reach Inc, as a corporation, is committed to elevating the economic, educational, and social standing of underprivileged residents within the community and other underprivileged groups who are struggling with substantial low income. This organization aims to address various challenges faced by these individuals, including poverty, sickness, racial tensions, and crime. Reach Inc also seeks to expand the opportunities available to these residents and groups, enabling them to secure affordable housing accommodations. In essence, the mission of Reach Inc is to foster a sense of improvement and empowerment among underprivileged individuals, striving to uplift their overall quality of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Reach Inc's impact is focused on raising the economic, educational, and social levels of underprivileged residents in the community and other disadvantaged groups with low incomes. They aim to raise awareness, eliminate racial tensions, sickness, poverty, and crime while increasing educational and economic opportunities. Reach Inc strives to expand housing options for these individuals and groups, ultimately working towards enhancing employment prospects and overall well-being.
This information is meant to be a general summary of Reach 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.
- Gross Receipts: $1,503,973
Assets and Liabilities:
- Total Assets: $2,489,497
- Total Liabilities: $1,259,617
- Net Assets: $1,229,880
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1977
Phone
(205) 372-0113Principal Officer
Martin Walker
Main Address
P O BOX 149, Eutaw, AL, 35462
NTEE Category
Code: J20 - Employment
If you are a representative of Reach Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.