Reeves Foundation Inc

Analysis

Reeves Foundation Inc is a registered charity in United States, based in Douglas, AZ. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Reeves Foundation Inc reported income of $4.4m and spending of $4.6m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $4.4m (+0.4%), an average of +0.1% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reeves Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within AZ. Charities of a similar size with the same main cause include Prairie Sunset Home Inc ($4.4m), Life Opportunities Unlimited a Non-Profit Corporation ($4.4m) and Mississippi Childrens Home Services Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $4.4m against liabilities of $4.8m, net assets of -$382k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.