The Catherine B Reynolds Foundation Inc

Analysis

The Catherine B Reynolds Foundation Inc is a registered charity in United States, based in Sterling, VA. It received its IRS tax-exemption ruling in September 1987, 39 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 September 2023, The Catherine B Reynolds Foundation Inc reported income of $1.5m and spending of $17.0m, spending 1118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $6.4m to $1.5m (-76%), an average of -30% a year. The sharpest change came in the year to September 2023, when income dropped by 56%. Over the whole period it spent 250% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Catherine B Reynolds Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Beth Tfiloh Foundation Inc ($1.5m), Pickaway County Commission on Aging Inc ($1.5m) and Burnett Walnut Corporation ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 64% of the total. Compensation of current officers, directors and key employees was $922k (5.4% of expenses). Other salaries and wages came to $360k. At year end it held assets of $27.7m against liabilities of $133k, net assets of $27.5m. 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.