The Reed Community Foundation

Analysis

The Reed Community Foundation is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2022, The Reed Community Foundation reported income of $594k and spending of $561k, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $253k to $594k (+135%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 83% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Reed Community Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OK. Charities of a similar size with the same main cause include Thats My Child ($593k), Advocates for Kids ($594k) and Daughters Beyond Incarceration ($593k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $52k (9.2% of expenses). Other salaries and wages came to $24k. At year end it held assets of $264k against liabilities of $0, net assets of $264k. It reported 2 employees.