Reed Schools Foundation

Analysis

Reed Schools Foundation is a registered charity in United States, based in Belvedere Tiburon, CA. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Reed Schools Foundation reported income of $2.1m and spending of $1.8m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $2.1m (-22%), an average of -6.0% a year. The sharpest change came in the year to June 2020, when income dropped by 21%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reed Schools Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Foodwise Community ($2.1m), Sun Grove Montessori School Inc ($2.1m) and Good Faith Media ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $78k (4.2% of expenses). Other salaries and wages came to $71k. At year end it held assets of $1.1m against liabilities of $1,807, net assets of $1.1m. It reported 4 employees.