Mended Reeds Inc

Analysis

Mended Reeds Inc is a registered charity in United States, based in Ironton, OH. It received its IRS tax-exemption ruling in June 2001, 25 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 June 2023, Mended Reeds Inc reported income of $1.1m and spending of $1.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $673k to $1.1m (+63%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mended Reeds Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Lageho Community Development Network Inc ($1.1m), Whispering Hope Womens Resource & Pregnancy Center Inc ($1.1m) and Coastal District Council of the St Vincent de Paul Society Diocese of ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Other salaries and wages came to $476k. At year end it held assets of $2.2m against liabilities of $40k, net assets of $2.1m. It reported 18 employees.