The Reason Foundation

Analysis

The Reason Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1979, 47 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 September 2023, The Reason Foundation reported income of $15.5m and spending of $17.5m, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $13.9m to $15.5m (+11%), an average of +2.7% a year. The sharpest change came in the year to September 2020, when income rose by 16%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Reason Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Aspen Public Schools Inc ($15.5m), Tennessee State Collaborative on Reforming Education ($15.5m) and Moriah School of Englewood ($15.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $2.0m (12% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $19.4m against liabilities of $6.0m, net assets of $13.4m. It reported 103 employees.