JW Reed Christian Academy Inc

Analysis

JW Reed Christian Academy Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, JW Reed Christian Academy Inc reported income of $58k and spending of $147k, spending 253% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $74k to $58k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2023, when income dropped by 71%. Over the whole period it spent 130% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, JW Reed Christian Academy Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within IA. Charities of a similar size with the same main cause include Madawaska Public Library ($58k), Drake Dekeyrel Do It for Drake Memorial Foundation ($58k) and Mountain Ridge Band Parents Association Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 46% of the total. At year end it held assets of $88k against liabilities of $202k, net assets of -$114k.

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.