Reach School Inc

Reach School Inc maintains stable finances with no executive compensation.

EIN: 10427540 · Bucksport, ME · NTEE: B24Z · Updated: 2026-03-28

$205KRevenue

$229KAssets

88/100Mission Score (Excellent)

B24Z

About Reach School Inc

Reach School Inc (EIN: 10427540) is a nonprofit organization based in Bucksport, ME, classified under NTEE code B24Z. The organization reported total revenue of $205K and total assets of $229K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reach School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Reach School Inc demonstrates consistent financial activity, with revenues generally keeping pace with expenses over the past decade. For instance, in the 202406 period, expenses of $249,856 were slightly higher than revenues of $246,906, indicating a minor deficit. However, the organization maintains a healthy asset base relative to its liabilities, with assets of $259,988 and liabilities of $4,366 in the latest filing, suggesting good financial stability. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive indicator of spending efficiency and transparency. While specific program spending details are not provided in the summary data, the absence of executive compensation suggests a lean operational model.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Reach School Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Reach School Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly commendable for an organization of its size, with latest revenue of $246,906, as it maximizes resources available for programmatic activities.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Reach School Inc:

Consistent 0% officer compensation, maximizing mission-related spending.
Healthy asset-to-liability ratio, indicating strong financial stability (e.g., $259,988 assets vs. $4,366 liabilities in 202406).
Stable revenue growth over the past decade, from $149,814 in 201606 to $246,906 in 202406.
Long history of IRS 990 filings (13 filings), demonstrating consistent transparency.

Frequently Asked Questions about Reach School Inc

Is Reach School Inc financially stable?

Yes, Reach School Inc appears financially stable. Its assets of $259,988 significantly outweigh its liabilities of $4,366 in the latest filing (202406), and it has consistently maintained a positive net asset position over the past decade.

How does Reach School Inc manage executive compensation?

Reach School Inc reports 0% officer compensation across all available filings, indicating that no executives are paid salaries by the organization. This is a strong positive for resource allocation.

Has Reach School Inc's revenue grown over time?

Reach School Inc's revenue has shown a general upward trend, increasing from $149,814 in 201606 to $246,906 in 202406, indicating growth in its financial capacity.

Filing History

IRS 990 filing history for Reach School Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Reach School Inc's revenue has grown by 8.8%, moving from $227K to $247K. Total assets decreased by 5.1% over the same period, from $274K to $260K. Total functional expenses rose by 32.5%, from $189K to $250K. In its most recent filing year (2024), Reach School Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $4K in liabilities against $260K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $256K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$247K	$250K	$260K	$4K	—	—
2023	$218K	$204K	$258K	$4K	—	View 990
2022	$193K	$184K	$245K	$4K	—	View 990
2021	$175K	$172K	$245K	$4K	—	—
2020	$192K	$187K	$223K	$5K	—	View 990
2019	$206K	$180K	$217K	$5K	—	View 990
2018	$159K	$175K	$193K	$5K	—	View 990
2017	$152K	$175K	$207K	$4K	—	View 990
2016	$150K	$176K	$224K	$5K	—	View 990
2015	$179K	$185K	$251K	$6K	—	View 990
2014	$177K	$176K	$256K	$4K	—	View 990
2013	$149K	$168K	$255K	$5K	—	View 990
2012	$227K	$189K	$274K	$5K	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $247K, expenses of $250K, and assets of $260K (revenue +13.3% year-over-year).
2023: Revenue of $218K, expenses of $204K, and assets of $258K (revenue +12.9% year-over-year).
2022: Revenue of $193K, expenses of $184K, and assets of $245K (revenue +10.0% year-over-year).
2021: Revenue of $175K, expenses of $172K, and assets of $245K (revenue -8.7% year-over-year).
2020: Revenue of $192K, expenses of $187K, and assets of $223K (revenue -6.7% year-over-year).
2019: Revenue of $206K, expenses of $180K, and assets of $217K (revenue +29.8% year-over-year).
2018: Revenue of $159K, expenses of $175K, and assets of $193K (revenue +4.6% year-over-year).
2017: Revenue of $152K, expenses of $175K, and assets of $207K (revenue +1.2% year-over-year).
2016: Revenue of $150K, expenses of $176K, and assets of $224K (revenue -16.1% year-over-year).
2015: Revenue of $179K, expenses of $185K, and assets of $251K (revenue +1.1% year-over-year).
2014: Revenue of $177K, expenses of $176K, and assets of $256K (revenue +18.8% year-over-year).
2013: Revenue of $149K, expenses of $168K, and assets of $255K (revenue -34.5% year-over-year).
2012: Revenue of $227K, expenses of $189K, and assets of $274K.

Data Sources and Methodology

This transparency report for Reach School 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.