Reid Traditional Schools Inc

Analysis

Reid Traditional Schools Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Reid Traditional Schools Inc reported income of $2.1m and spending of $2.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.1m (+5.3%), an average of +1.3% a year. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reid Traditional Schools Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within AZ. Charities of a similar size with the same main cause include Ust Realty Company ($2.1m), Innovations Educational Services Inc ($2.1m) and Allegiant Preparatory ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 23% of the total. Compensation of current officers, directors and key employees was $178k (8.1% of expenses). Other salaries and wages came to $296k. At year end it held assets of $19.0m against liabilities of $20.5m, net assets of -$1.5m. It reported 8 employees.

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.