Greater Reedville Association Inc

Analysis

Greater Reedville Association Inc is a registered charity in United States, based in Reedville, VA. It received its IRS tax-exemption ruling in January 1987, 39 years ago. 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, Greater Reedville Association Inc reported income of $483k and spending of $296k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $269k to $483k (+80%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Reedville Association Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Anchorage Library Foundation ($483k), Habitat for Humanity International Inc ($483k) and Wareham Historical Society Inc ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 5.5% of the total. Other salaries and wages came to $96k. At year end it held assets of $2.0m against liabilities of $173, net assets of $2.0m. It reported 4 employees.