The Reede Scholars Inc

Analysis

The Reede Scholars Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 2018, 8 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, The Reede Scholars Inc reported income of $64k and spending of $35k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $64k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Reede Scholars Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Marians Closet ($64k), Consumer Credit Nationwide ($64k) and Bridges of Hope New Haven Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $92k against liabilities of $7,667, net assets of $84k.