Reed Charitable Trust

Analysis

Reed Charitable Trust is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in August 1977, 49 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reed Charitable Trust reported income of $493k and spending of $511k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $660k to $493k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2023, when income rose by 284%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reed Charitable Trust sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include St Joseph Society of Rosen ($493k), Nba-Gpva Accessible Housing ($493k) and Leading Edge International Ltd ($493k).

At year end it held assets of $9.6m against liabilities of $14k, net assets of $9.6m.