Friends of Reed Inc

Analysis

Friends of Reed Inc is a registered charity in United States, based in Valley VLG, CA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Friends of Reed Inc reported income of $156k and spending of $142k, spending 91% of its income. Across the 3 years on record, from June 2019 to June 2024, income fell from $447k to $156k (-65%), an average of -41% a year. The sharpest change came in the year to June 2023, when income dropped by 62%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Reed Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Hinkson Inc ($156k), William M Meredith Home and School Association ($156k) and Brecksville Cooperative Preschool Inc ($156k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 5.0% and program service revenue 26% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.