W Vernie Reed Memorial Fund

Analysis

W Vernie Reed Memorial Fund is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 1981, 45 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 October 2023, W Vernie Reed Memorial Fund reported income of $194k and spending of $154k, leaving 20% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income fell from $224k to $194k (-14%), an average of -3.6% a year. The sharpest change came in the year to October 2020, when income dropped by 23%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, W Vernie Reed Memorial Fund sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within WA. Charities of a similar size with the same main cause include Norton Youth Soccer League Inc ($194k), Izaak Walton League of America Inc ($194k) and Cosa Inc ($194k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $707k against liabilities of $0, net assets of $707k.