Reed Academy Inc
Reed Academy Inc shows consistent revenue growth and zero reported officer compensation over the past decade.
EIN: 10735034 · Oakland, NJ · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $7.4M |
| Total Expenses | $6.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $4.6M |
| Transparency Score | 90/100 |
Is Reed Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Reed Academy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Reed Academy Inc
Reed Academy Inc (EIN: 10735034) is a nonprofit organization based in Oakland, NJ. The organization reported total revenue of $7.4M and total assets of $10.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reed Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reed Academy Inc is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $6.2M |
| Surplus / Deficit | +$112K |
| Total Assets | $10.7M |
| Total Liabilities | $6.1M |
| Net Assets | $4.6M |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 57.0% |
| Months of Reserves | 20.6 months |
Financial Health Grade: A
In 2023, Reed Academy Inc reported a surplus of $112K with revenue exceeding expenses, holds 20.6 months of operating reserves (strong position), has a debt-to-asset ratio of 57.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Reed Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.4% | +23.3% | +12.0% |
| 2022 | +1.8% | +6.8% | +9.8% |
| 2021 | +7.7% | -2.8% | +5.1% |
| 2020 | -2.9% | -0.3% | +8.7% |
| 2019 | +0.9% | +0.1% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Reed Academy Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Reed Academy Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $112K, with revenue exceeding expenses.
- Debt-to-asset ratio: 57.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization of this size with annual revenues exceeding $6 million. This suggests either a fully volunteer leadership or compensation structured in a way that is not categorized as officer compensation on the 990, which could warrant further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Reed Academy Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data prevents full spending efficiency analysis.
- Consistent 0% officer compensation for an organization of this size is unusual and may warrant further inquiry into leadership compensation structures.
Strengths
The following positive indicators were identified for Reed Academy Inc:
- Consistent revenue growth, from $4,896,409 in 2019 to $6,326,181 in 2023.
- Healthy asset growth, from $7,596,991 in 2019 to $10,663,966 in 2023.
- Expenses consistently close to revenue, indicating efficient utilization of funds (e.g., $6,213,941 expenses vs. $6,326,181 revenue in 2023).
- Consistent reporting of 0% officer compensation across all filings, suggesting a strong commitment to directing funds towards the mission or volunteer leadership.
Frequently Asked Questions about Reed Academy Inc
Is Reed Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Reed Academy Inc (EIN: 10735034) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Reed Academy Inc spend its money?
Reed Academy Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Reed Academy Inc tax-deductible?
Reed Academy Inc is registered as a tax-exempt nonprofit (EIN: 10735034). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Reed Academy Inc CEO make?
Reed Academy Inc's highest-compensated officer earns $6 annually. The organization reported $7.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Reed Academy Inc's spending goes to programs?
Reed Academy Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Reed Academy Inc located?
Reed Academy Inc is headquartered in Oakland, New Jersey and files with the IRS under EIN 10735034.
How many years of IRS 990 filings does Reed Academy Inc have?
Reed Academy Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.4M in total revenue.
Is Reed Academy Inc a good charity?
Based on the provided financial data, Reed Academy Inc appears to be a well-managed charity with consistent revenue growth, healthy asset accumulation, and a notable commitment to transparency regarding officer compensation (reporting 0%). The consistent reporting of expenses close to revenue suggests efficient use of funds. However, without a detailed breakdown of program, administrative, and fundraising expenses, a definitive assessment of spending efficiency is limited.
How has Reed Academy Inc's financial health changed over the last five years?
Reed Academy Inc's financial health has improved significantly over the last five years. Revenue increased from $4,896,409 in 2019 to $6,326,181 in 2023, and total assets grew from $7,596,991 to $10,663,966 in the same period, indicating strong growth and financial stability.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It suggests that the organization's top leadership either serves on a purely volunteer basis or receives compensation through mechanisms not classified as 'officer compensation' on the IRS Form 990. While this can be a positive indicator of dedication and resource allocation to programs, it also prompts a need for deeper inquiry into how leadership is supported and compensated, if at all, to ensure full transparency.
Filing History
IRS 990 filing history for Reed Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Reed Academy Inc's revenue has grown by 138.4%, moving from $2.7M to $6.3M. Total assets increased by 34.9% over the same period, from $7.9M to $10.7M. Total functional expenses rose by 146.4%, from $2.5M to $6.2M. In its most recent filing year (2023), Reed Academy Inc reported a surplus of $112K, with revenue exceeding expenses. The organization holds $6.1M in liabilities against $10.7M in assets (debt-to-asset ratio: 57.0%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $6.2M | $10.7M | $6.1M | — | — |
| 2022 | $5.2M | $5.0M | $9.5M | $5.0M | — | View 990 |
| 2021 | $5.1M | $4.7M | $8.7M | $2.4M | — | — |
| 2020 | $4.8M | $4.9M | $8.3M | $2.4M | — | — |
| 2019 | $4.9M | $4.9M | $7.6M | $1.8M | — | View 990 |
| 2018 | $4.9M | $4.9M | $7.9M | $2.1M | — | View 990 |
| 2017 | $5.0M | $5.0M | $7.9M | $2.1M | — | View 990 |
| 2016 | $4.7M | $4.6M | $8.0M | $2.2M | — | View 990 |
| 2015 | $4.6M | $4.5M | $8.2M | $2.2M | — | View 990 |
| 2014 | $4.2M | $3.9M | $9.3M | $3.4M | — | View 990 |
| 2013 | $3.8M | $3.5M | $9.0M | $3.5M | — | View 990 |
| 2012 | $3.5M | $3.4M | $9.1M | $3.9M | — | View 990 |
| 2011 | $2.7M | $2.5M | $7.9M | $2.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $6.2M, and assets of $10.7M (revenue +21.4% year-over-year).
- 2022: Revenue of $5.2M, expenses of $5.0M, and assets of $9.5M (revenue +1.8% year-over-year).
- 2021: Revenue of $5.1M, expenses of $4.7M, and assets of $8.7M (revenue +7.7% year-over-year).
- 2020: Revenue of $4.8M, expenses of $4.9M, and assets of $8.3M (revenue -2.9% year-over-year).
- 2019: Revenue of $4.9M, expenses of $4.9M, and assets of $7.6M (revenue +0.9% year-over-year).
- 2018: Revenue of $4.9M, expenses of $4.9M, and assets of $7.9M (revenue -2.3% year-over-year).
- 2017: Revenue of $5.0M, expenses of $5.0M, and assets of $7.9M (revenue +5.9% year-over-year).
- 2016: Revenue of $4.7M, expenses of $4.6M, and assets of $8.0M (revenue +1.1% year-over-year).
- 2015: Revenue of $4.6M, expenses of $4.5M, and assets of $8.2M (revenue +10.4% year-over-year).
- 2014: Revenue of $4.2M, expenses of $3.9M, and assets of $9.3M (revenue +10.3% year-over-year).
- 2013: Revenue of $3.8M, expenses of $3.5M, and assets of $9.0M (revenue +10.0% year-over-year).
- 2012: Revenue of $3.5M, expenses of $3.4M, and assets of $9.1M (revenue +30.5% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.5M, and assets of $7.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reed Academy Inc:
Data Sources and Methodology
This transparency report for Reed Academy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.