Reed Charitable Foundation Inc

Analysis

Reed Charitable Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in December 2019, 7 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 December 2023, Reed Charitable Foundation Inc reported income of $1.1m and spending of $830k, leaving 25% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $271k to $1.1m (+308%), an average of +60% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reed Charitable Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Fayetteville Public Education Foundation Inc ($1.1m), Brockport Student Government Assoc ($1.1m) and Impact Ventures Accelerator ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $534k. At year end it held assets of $1.3m against liabilities of $21k, net assets of $1.2m. It reported 10 employees.