Reed Construction Foundation

Analysis

Reed Construction Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Reed Construction Foundation reported income of $216k and spending of $182k, spending 84% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $405k to $216k (-47%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Reed Construction Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include Buttonwood Foundation Inc ($216k), Fourth Man Foundation Inc ($216k) and Warrensburg R-Vi School District Foundation Inc ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 115% of the total. At year end it held assets of $944k against liabilities of $0, net assets of $944k.