Reach Newtown Inc
EIN: 460849304 · Brookfield, CT · NTEE: B90
Is Reach Newtown 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 Newtown Inc
Reach Newtown Inc (EIN: 460849304) is a nonprofit organization based in Brookfield, CT, classified under NTEE code B90. The organization reported total revenue of $450K and total assets of $151K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reach Newtown Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reach Newtown Inc is a small nonprofit that has been operating for 13 years, with 9 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 11.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $417K |
| Total Expenses | $339K |
| Surplus / Deficit | +$77K |
| Total Assets | $361K |
| Total Liabilities | $148K |
| Net Assets | $213K |
| Operating Margin | 18.5% |
| Debt-to-Asset Ratio | 40.9% |
| Months of Reserves | 12.8 months |
Financial Health Grade: A
In 2023, Reach Newtown Inc reported a surplus of $77K with revenue exceeding expenses, holds 12.8 months of operating reserves (strong position), has a debt-to-asset ratio of 40.9% (moderate leverage).
Financial Trends
Over 9 years of filings (2014–2023), Reach Newtown Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.6% | -47.0% | +29.1% |
| 2022 | +30.2% | +38.0% | +266.6% |
| 2020 | +23.6% | +12.5% | +362.7% |
| 2019 | +21.5% | +20.8% | -10.9% |
| 2018 | -22.4% | -22.5% | -31.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Reach Newtown 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 Newtown 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $77K, with revenue exceeding expenses.
- Debt-to-asset ratio: 40.9%.
Frequently Asked Questions about Reach Newtown Inc
Is Reach Newtown Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Reach Newtown Inc (EIN: 460849304) insufficient data. 0 red flags identified, 0 strengths noted.
How does Reach Newtown Inc spend its money?
Detailed spending breakdown data is not yet available for Reach Newtown Inc. Check back for updated IRS 990 analysis.
Are donations to Reach Newtown Inc tax-deductible?
Reach Newtown Inc is registered as a tax-exempt nonprofit (EIN: 460849304). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Reach Newtown Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2014–2023), Reach Newtown Inc's revenue has grown by 171.6%, moving from $153K to $417K. Total assets increased by 176.7% over the same period, from $130K to $361K. Total functional expenses rose by 162.3%, from $129K to $339K. In its most recent filing year (2023), Reach Newtown Inc reported a surplus of $77K, with revenue exceeding expenses. The organization holds $148K in liabilities against $361K in assets (debt-to-asset ratio: 40.9%), resulting in net assets of $213K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $417K | $339K | $361K | $148K | — | View 990 |
| 2022 | $657K | $640K | $280K | $143K | — | View 990 |
| 2020 | $504K | $464K | $76K | $35K | — | View 990 |
| 2019 | $408K | $412K | $16K | $9K | — | View 990 |
| 2018 | $336K | $341K | $19K | $7K | — | View 990 |
| 2017 | $433K | $440K | $27K | $10K | — | View 990 |
| 2016 | $398K | $423K | $36K | $12K | — | View 990 |
| 2015 | $355K | $403K | $56K | $7K | — | View 990 |
| 2014 | $153K | $129K | $130K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $417K, expenses of $339K, and assets of $361K (revenue -36.6% year-over-year).
- 2022: Revenue of $657K, expenses of $640K, and assets of $280K (revenue +30.2% year-over-year).
- 2020: Revenue of $504K, expenses of $464K, and assets of $76K (revenue +23.6% year-over-year).
- 2019: Revenue of $408K, expenses of $412K, and assets of $16K (revenue +21.5% year-over-year).
- 2018: Revenue of $336K, expenses of $341K, and assets of $19K (revenue -22.4% year-over-year).
- 2017: Revenue of $433K, expenses of $440K, and assets of $27K (revenue +8.8% year-over-year).
- 2016: Revenue of $398K, expenses of $423K, and assets of $36K (revenue +12.0% year-over-year).
- 2015: Revenue of $355K, expenses of $403K, and assets of $56K (revenue +131.7% year-over-year).
- 2014: Revenue of $153K, expenses of $129K, and assets of $130K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reach Newtown Inc:
Data Sources and Methodology
This transparency report for Reach Newtown 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.