Reach School Inc

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Reach School Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Reach School Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Reach School Inc in one place.

Is Reach School Inc Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Reach School Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Reach School Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Reach School Inc is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.7%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2024, Reach School Inc reported a deficit of $3K with expenses exceeding revenue, holds 12.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).

Financial Trends

Over 13 years of filings (2012–2024), Reach School Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

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.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $3K, with expenses exceeding revenue.
• Debt-to-asset ratio: 1.7%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Reach School Inc:

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.