Sylvester H Reed Memorial Trust

Analysis

Sylvester H Reed Memorial Trust is a registered charity in United States, based in Pflugerville, TX. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sylvester H Reed Memorial Trust reported income of $948k and spending of $594k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $343k to $948k (+176%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 1440%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sylvester H Reed Memorial Trust sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Mentoring in Medicine Inc ($948k), Montessori Public Policy Initiative ($948k) and Raleigh Charter High School Foundation Inc ($948k).

At year end it held assets of $11.4m against liabilities of $0, net assets of $11.4m.