Joyce a and James R Reed Charitable Trust Inc

Analysis

Joyce a and James R Reed Charitable Trust Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Joyce a and James R Reed Charitable Trust Inc reported income of $79k and spending of $145k, spending 184% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $111k to $79k (-29%), an average of -8.2% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 172% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Joyce a and James R Reed Charitable Trust Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 39th percentile within MA. Charities of a similar size with the same main cause include Asi Golden Valley Inc ($79k), Shalom Housing Development Inc ($79k) and Lemmon Prairie Pine Apartments Inc ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. At year end it held assets of $1.7m against liabilities of $1.1m, net assets of $677k.

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.