Kate B Reynolds Charitable Trust
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
Kate B Reynolds Charitable Trust is a 501(c)(3) organization based in Winston Salem, North Carolina, registered in 1983, with $22,762,948 in FY2023 revenue. CharityIndex grades it D.
128 Reynolda Vlg, Winston Salem, NC, 27106 EIN 56-6036515 Since 1983
Revenue (FY2023)
$22.8M
▲ 414.5% vs prior year
Expenses (FY2023)
$32.2M
Net assets
$559.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Kate B Reynolds Charitable Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating208 mo reserves · -42% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Kate B Reynolds Charitable Trust: 208 mo reserves · -42% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Kate B Reynolds Charitable Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Kate B Reynolds Charitable Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 128 Reynolda Vlg, Winston Salem, NC, 27106
- City
- Winston Salem
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Phone
- …
Financial trends
Revenue grew from $18.6M (FY2019) to $22.8M (FY2023) across 5 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $559.8M
Operating margin
-41.7%
Spent more than it raised in the latest fiscal year.
Total assets
$559.8M
Total liabilities
$0
Net assets
$559.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $22,762,948▲414% | $32,247,611▲1.7% | $559,758,546▼1.7% | $559,758,546▼1.7% | 990PF |
| 2022 | $4,424,686▼97.5% | $31,710,603▼19.8% | $569,394,454▼4.7% | $569,394,454▼4.7% | 990PF |
| 2021 | $177,352,558▲633% | $39,557,425▲30.0% | $597,309,664▲30.3% | $597,309,664▲30.3% | 990PF |
| 2020 | $24,205,244▲30.3% | $30,419,030▲1.6% | $458,547,474▼1.2% | $458,547,474▼1.2% | 990PF |
| 2019 | $18,578,162 | $29,948,766 | $464,153,663 | $464,153,663 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Wells Fargo Bank — $3,002,863 (9.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Wells Fargo Bank | Trustee | 1 | $3,002,863 |
Frequently asked questions
- Is Kate B Reynolds Charitable Trust a legitimate nonprofit?
- Yes. Kate B Reynolds Charitable Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-6036515, based in Winston Salem, North Carolina. Donations are tax-deductible.
- What is Kate B Reynolds Charitable Trust's EIN?
- Kate B Reynolds Charitable Trust's Employer Identification Number (EIN) is 56-6036515.
- How much revenue does Kate B Reynolds Charitable Trust report?
- Kate B Reynolds Charitable Trust reported $22,762,948 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Kate B Reynolds Charitable Trust have?
- CharityIndex grades Kate B Reynolds Charitable Trust D, based on financial health (reserves and operating margin).
- How much does Kate B Reynolds Charitable Trust's highest-paid employee make?
- The highest reported compensation on Kate B Reynolds Charitable Trust's latest Form 990 is $3,002,863, paid to Wells Fargo Bank (Trustee).
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Data for Kate B Reynolds Charitable Trust (EIN 56-6036515) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.