L โ€” Housing & ShelterEIN: 223037451ยท Ruling Year: 1990

New Reach Inc

New Haven, Connecticut

B+Health Score
69B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

๐Ÿ’ฐ
$8.8M
Total Revenue
๐Ÿ“Š
$9.7M
Total Expenses
๐Ÿฆ
$14.3M
Net Assets
๐Ÿ“‹
$6.4M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+17.0%
Year-over-year change (2022 โ†’ 2023)
Net Margin
-10.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.47
Net assets divided by total expenses
Liabilities-to-Assets
31.0%
Total liabilities as % of total assets

Filing History

12 filings on record
YearRevenueExpensesAssets
2023$8,820,910โ†‘17%$9,711,142โ†‘18%$20,670,916โ†‘8%
2022$7,538,038โ†“11%$8,223,825โ†‘11%$19,062,016โ†“1%
2021$8,454,428โ†‘10%$7,425,944โ†‘12%$19,348,639โ†‘2%
2020$7,718,696โ†‘23%$6,637,069โ†‘6%$18,989,807โ†‘20%
2019$6,268,645โ†‘2%$6,290,723โ†‘6%$15,791,539โ†‘5%
2018$6,160,199โ†“59%$5,921,336โ†“15%$15,074,864
2017$14,982,889โ†‘136%$6,988,054โ†‘9%$15,146,125โ†‘7%
2016$6,336,165โ†‘8%$6,419,201โ†‘13%$14,196,146โ†‘35%
2015$5,852,491โ†‘29%$5,666,631โ†‘26%$10,551,910โ†‘37%
2014$4,541,309โ†“2%$4,509,893โ†“2%$7,699,975โ†‘6%
2013$4,629,799โ†‘13%$4,591,207โ†‘6%$7,266,321โ†‘13%
2012$4,110,375$4,323,356$6,443,121

Frequently Asked Questions

What does New Reach Inc do?โ–ผ

New Reach Inc is a housing & shelter nonprofit organization based in Connecticut. It is classified under NTEE code L22Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is New Reach Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, New Reach Inc has a score of 69/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does New Reach Inc generate?โ–ผ

New Reach Inc reports $9.8M in annual revenue and holds $20.1M in total assets, based on IRS filings.

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New Reach Inc โ€” New Haven, CT | GiveScope