Reach For College Inc
EIN: 61756561 · Washington, DC
| Metric | Value |
|---|---|
| Total Expenses | $89K |
| Net Assets | $115K |
Is Reach For College Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Reach For College Inc
Reach For College Inc (EIN: 61756561) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reach For College Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reach For College Inc is a micro nonprofit, with 5 years of IRS 990 filings on record (2010–2014). Revenue has grown at a compound annual rate of -17.3%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $90K |
| Total Expenses | $89K |
| Surplus / Deficit | +$1K |
| Total Assets | $119K |
| Total Liabilities | $4K |
| Net Assets | $115K |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 3.8% |
| Months of Reserves | 16.1 months |
Financial Health Grade: A
In 2014, Reach For College Inc reported a surplus of $1K with revenue exceeding expenses, holds 16.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.8% (very low leverage).
Financial Trends
Over 5 years of filings (2010–2014), Reach For College Inc's revenue has declined at a compound annual growth rate (CAGR) of -17.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -64.7% | -56.1% | +3.5% |
| 2013 | -2.3% | -36.8% | +67.6% |
| 2012 | -22.2% | +0.0% | -51.0% |
| 2011 | +74.3% | +43.3% | +12.0% |
AI Analysis Pending
AI enrichment for Reach For College Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Reach For College Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.8%.
Frequently Asked Questions about Reach For College Inc
Is Reach For College Inc a legitimate charity?
Reach For College Inc (EIN: 61756561) is a registered tax-exempt nonprofit based in Washington DC. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Reach For College Inc spend its money?
Reach For College Inc reported its financials in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Reach For College Inc tax-deductible?
Reach For College Inc is registered as a tax-exempt nonprofit (EIN: 61756561). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Reach For College Inc located?
Reach For College Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 61756561.
How many years of IRS 990 filings does Reach For College Inc have?
Reach For College Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Reach For College Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2010–2014), Reach For College Inc's revenue has declined by 53.3%, moving from $192K to $90K. Total assets decreased by 4.8% over the same period, from $125K to $119K. Total functional expenses fell by 60.3%, from $223K to $89K. In its most recent filing year (2014), Reach For College Inc reported a surplus of $1K, with revenue exceeding expenses. The organization holds $4K in liabilities against $119K in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $115K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $90K | $89K | $119K | $4K | — | View 990 |
| 2013 | $255K | $202K | $115K | $2K | — | View 990 |
| 2012 | $261K | $320K | $69K | $7K | — | View 990 |
| 2011 | $335K | $320K | $140K | $419 | — | View 990 |
| 2010 | $192K | $223K | $125K | $281 | — | — |
Year-by-Year Financial Summary
- 2014: Revenue of $90K, expenses of $89K, and assets of $119K (revenue -64.7% year-over-year).
- 2013: Revenue of $255K, expenses of $202K, and assets of $115K (revenue -2.3% year-over-year).
- 2012: Revenue of $261K, expenses of $320K, and assets of $69K (revenue -22.2% year-over-year).
- 2011: Revenue of $335K, expenses of $320K, and assets of $140K (revenue +74.3% year-over-year).
- 2010: Revenue of $192K, expenses of $223K, and assets of $125K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reach For College Inc:
Data Sources and Methodology
This transparency report for Reach For College Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.