Quick charity verification for Harold And Kate Reed Family Foundation (EIN: 203982052)
Verdict: Harold And Kate Reed Family Foundation appears trustworthy
95/100Mission Score
$910KRevenue
$6.0MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistently reports 0% officer compensation, indicating high efficiency and dedication of funds to mission.
Maintains strong and growing asset base, from $3.39 million in 2011 to $5.86 million in 2023.
Extremely low liabilities, often $1, demonstrating strong financial health and minimal debt.
Consistent IRS 990 filing history, indicating good transparency and compliance.
Positive operating margins in most recent years (e.g., 2023 revenue $693,793 vs. expenses $655,886).
Spending Breakdown
How Harold And Kate Reed Family Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Harold And Kate Reed Family Foundation
Is Harold And Kate Reed Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Harold And Kate Reed Family Foundation (EIN: 203982052) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Harold And Kate Reed Family Foundation a good charity to donate to?
Harold And Kate Reed Family Foundation has a Mission Score of 95/100. Revenue: $910K. Assets: $6.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harold And Kate Reed Family Foundation?
The Employer Identification Number (EIN) for Harold And Kate Reed Family Foundation is 203982052. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Harold And Kate Reed Family Foundation spend its money?
Harold And Kate Reed Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harold And Kate Reed Family Foundation's tax-exempt status?
You can verify Harold And Kate Reed Family Foundation's tax-exempt status using EIN 203982052 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Harold And Kate Reed Family Foundation demonstrates consistent financial health, maintaining a robust asset base that has grown from $3.39 million in 2011 to $5.86 million in 2023. The organization consistently operates with minimal liabilities, often reporting just $1, which indicates strong financial management and low debt risk. Revenue has fluctuated significantly over the years, from a low of -$7,153 in 2011 to a high of $2.05 million in 2015, suggesting reliance on variable funding sources, likely large donations or investment returns.
Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that administrative costs related to executive salaries are non-existent, allowing more funds to be directed towards the foundation's mission. For instance, in 2023, expenses were $655,886 against revenues of $693,793, showing a healthy operating margin.
Transparency is high, as evidenced by the consistent filing of IRS Form 990s over a decade and the clear disclosure of financial metrics. The absence of officer compensation is a significant positive indicator of a lean operational structure. While specific program spending details are not provided in the summary data, the overall financial picture suggests a well-managed and transparent organization focused on its philanthropic goals.