Is Reach For Excellence Inc Legit? —…

Spending Breakdown

How Reach For Excellence Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Reach For Excellence Inc

Is Reach For Excellence Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Reach For Excellence Inc (EIN: 10614724) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.

Is Reach For Excellence Inc a good charity to donate to?

Reach For Excellence Inc has a Mission Score of 90/100. Revenue: $1.0M. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Reach For Excellence Inc?

The Employer Identification Number (EIN) for Reach For Excellence Inc is 10614724. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Reach For Excellence Inc spend its money?

Reach For Excellence Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Reach For Excellence Inc's tax-exempt status?

You can verify Reach For Excellence Inc's tax-exempt status using EIN 10614724 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Reach For Excellence Inc demonstrates a generally stable financial position with consistent revenue generation over the past decade, though with some fluctuations. The organization's assets have grown significantly, from $181,163 in 2014 to $1,418,765 currently, indicating good financial management and accumulation of resources. A notable strength is the consistent reporting of 0% officer compensation across all available filings, which suggests a strong commitment to directing funds towards its mission rather than executive salaries. The organization has also maintained relatively low liabilities, further indicating fiscal prudence.

While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent reporting of expenses relative to revenue suggests a focus on operational efficiency. For instance, in 2023, expenses were $554,115 against $527,300 in revenue, showing a slight deficit, but this is balanced by periods of surplus, such as 2022 ($660,291 revenue vs. $562,715 expenses) and 2020 ($1,153,144 revenue vs. $429,207 expenses). The significant surplus in 2020 likely contributed to the substantial asset growth observed.

Overall, Reach For Excellence Inc appears to be a financially healthy and transparent organization, particularly given its consistent filing history and the absence of executive compensation. Its ability to grow assets while managing expenses effectively points to a well-managed nonprofit. Further analysis of detailed expense categories would provide a more granular understanding of spending efficiency.

Is Reach For Excellence Inc Legit?

Verdict: Reach For Excellence Inc appears trustworthy

Strengths