Sarah a Reed Home

Analysis

Sarah a Reed Home is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in August 1941, 85 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sarah a Reed Home reported income of $19.2m and spending of $19.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $19.8m to $19.2m (-2.9%), an average of -0.7% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sarah a Reed Home sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Council on Rural Service Programs Inc ($19.2m), Cri-Help Inc ($19.2m) and Urban League of Metropolitan Seattle ($19.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $778k (4.0% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $18.2m against liabilities of $4.6m, net assets of $13.6m. It reported 387 employees.