Reed Foundation Inc
Reed Foundation Inc. shows volatile revenue but zero officer compensation and minimal liabilities.
EIN: 131990017 · New York, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19.9M |
| Total Expenses | $1.0M |
| Program Spending | 85% |
| Net Assets | $13.1M |
| Transparency Score | 75/100 |
Is Reed Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Reed Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Reed Foundation Inc
Reed Foundation Inc (EIN: 131990017) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $19.9M and total assets of $13.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reed Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reed Foundation Inc is a large nonprofit that has been operating for 75 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $666K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-336,692 |
| Total Assets | $13.1M |
| Total Liabilities | $1 |
| Net Assets | $13.1M |
| Operating Margin | -50.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 156.5 months |
Financial Health Grade: B
In 2023, Reed Foundation Inc reported a deficit of $337K with expenses exceeding revenue, holds 156.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Reed Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -85.9% | -3.4% | -2.5% |
| 2022 | +399.9% | +13.3% | +26.4% |
| 2019 | -101.1% | -15.3% | -24.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1951 |
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 Foundation Inc with a Mission Score of 75 out of 100 (Good). 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 Foundation 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 deficit of $337K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly efficient and suggests a volunteer-driven leadership model.
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 Foundation Inc's IRS 990 filings:
- Highly volatile revenue, including negative revenue in some years (e.g., -$1,369,708 in 2020), which can indicate unpredictable funding or significant investment losses.
- Expenses frequently exceed revenue in recent years (e.g., 2023: Revenue $665,985, Expenses $1,002,677), suggesting reliance on prior reserves or asset drawdowns.
Strengths
The following positive indicators were identified for Reed Foundation Inc:
- Consistent 0% officer compensation, indicating highly efficient use of funds at the executive level.
- Minimal liabilities ($1 in recent years), demonstrating strong financial control over debt.
- Substantial asset base ($13,941,316 latest) provides a buffer against revenue volatility.
Frequently Asked Questions about Reed Foundation Inc
Is Reed Foundation Inc a legitimate charity?
Reed Foundation Inc (EIN: 131990017) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $19.9M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Reed Foundation Inc spend its money?
Reed Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Reed Foundation Inc tax-deductible?
Reed Foundation Inc is registered as a tax-exempt nonprofit (EIN: 131990017). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Reed Foundation Inc's spending goes to programs?
Reed Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Reed Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Reed Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Reed Foundation Inc located?
Reed Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 131990017. It is classified under NTEE code T20.
How many years of IRS 990 filings does Reed Foundation Inc have?
Reed Foundation Inc has 10 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 $19.9M in total revenue.
Is Reed Foundation Inc. financially stable given its volatile revenue?
The organization's revenue has been highly inconsistent, including negative figures in 2019 and 2020. While assets are substantial ($13,941,316), the unpredictable revenue streams could pose challenges for long-term program planning and sustainability if not offset by other stable funding sources or endowment income.
How does Reed Foundation Inc. manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or that executive roles are compensated through other means not classified as 'officer compensation' on the 990, or that the organization is very leanly staffed at the top.
What is the primary cause of the significant revenue fluctuations?
The provided data does not specify the sources of revenue, making it difficult to pinpoint the exact cause of the fluctuations. However, such volatility often points to reliance on a few large grants, investment income, or specific fundraising campaigns that vary year-to-year.
Filing History
IRS 990 filing history for Reed Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Reed Foundation Inc's revenue has declined by 50.5%, moving from $1.3M to $666K. Total assets decreased by 9.8% over the same period, from $14.5M to $13.1M. Total functional expenses fell by 58.6%, from $2.4M to $1.0M. In its most recent filing year (2023), Reed Foundation Inc reported a deficit of $337K, with expenses exceeding revenue. The organization holds $1 in liabilities against $13.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $666K | $1.0M | $13.1M | $1 | — | — |
| 2022 | $4.7M | $1.0M | $13.4M | $1 | — | View 990 |
| 2021 | $944K | $917K | $10.6M | $1 | — | View 990 |
| 2020 | $-1,369,708 | $1.2M | $10.5M | $1 | — | View 990 |
| 2019 | $-13,159 | $1.6M | $13.0M | $1 | — | — |
| 2015 | $1.2M | $1.9M | $17.2M | $0 | — | View 990 |
| 2014 | $2.0M | $2.2M | $17.8M | $0 | — | View 990 |
| 2013 | $4.4M | $2.6M | $17.8M | $0 | — | View 990 |
| 2012 | $4.0M | $2.7M | $15.9M | $0 | — | View 990 |
| 2011 | $1.3M | $2.4M | $14.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $666K, expenses of $1.0M, and assets of $13.1M (revenue -85.9% year-over-year).
- 2022: Revenue of $4.7M, expenses of $1.0M, and assets of $13.4M (revenue +399.9% year-over-year).
- 2021: Revenue of $944K, expenses of $917K, and assets of $10.6M.
- 2020: Revenue of $-1,369,708, expenses of $1.2M, and assets of $10.5M.
- 2019: Revenue of $-13,159, expenses of $1.6M, and assets of $13.0M (revenue -101.1% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.9M, and assets of $17.2M (revenue -37.7% year-over-year).
- 2014: Revenue of $2.0M, expenses of $2.2M, and assets of $17.8M (revenue -54.7% year-over-year).
- 2013: Revenue of $4.4M, expenses of $2.6M, and assets of $17.8M (revenue +10.2% year-over-year).
- 2012: Revenue of $4.0M, expenses of $2.7M, and assets of $15.9M (revenue +197.3% year-over-year).
- 2011: Revenue of $1.3M, expenses of $2.4M, and assets of $14.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reed Foundation Inc:
Data Sources and Methodology
This transparency report for Reed Foundation 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.