Reeds Refuge Center Incorporated

Analysis

Reeds Refuge Center Incorporated is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reeds Refuge Center Incorporated reported income of $323k and spending of $333k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $267k to $323k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 213%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reeds Refuge Center Incorporated sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 57th percentile within DE. Charities of a similar size with the same main cause include Little River Learning Centerfoundation ($323k), Living in Purpose Inc ($323k) and Gonzales County Senior Citizens Association Inc ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $11k (3.3% of expenses). Other salaries and wages came to $110k. It paid $1,135 in professional fundraising fees. At year end it held assets of $713k against liabilities of $0, net assets of $713k. It reported 8 employees.