Reed Institute

Analysis

Reed Institute is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 1938, 88 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Reed Institute reported income of $150.4m and spending of $152.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $138.0m to $150.4m (+8.9%), an average of +2.2% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reed Institute sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within OR. Charities of a similar size with the same main cause include Muhlenberg College ($150.2m), Gustavus Adolphus College ($150.5m) and University of Prince Edward Island ($150.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $2.7m (1.8% of expenses). Other salaries and wages came to $45.2m. At year end it held assets of $1.04bn against liabilities of $177.7m, net assets of $863.3m. It reported 1,757 employees.