Reed Institute
88% goes to programs $17 to raise $100 Strong reserves Growing revenue
Reed Institute is a 501(c)(3) organization based in Portland, Oregon, registered in 1938, with $204,695,513 in FY2023 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
3203 Se Woodstock Blvd, Portland, OR, 97202 EIN 93-0386908 Since 1938
Revenue (FY2023)
$204.7M
▲ 36.1% vs prior year
Education median: $200K
Expenses (FY2023)
$158.2M
Net assets
$955.3M
Employees
1,775
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating88% to programs · $17 to raise $100
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. For Reed Institute: 88% to programs · $17 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating72 mo reserves · +23% 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 Reed Institute: 72 mo reserves · +23% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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. For Reed Institute: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Reed Institute: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Provide education in the liberal arts and sciences
What they do
1,422 fte students as of fall 2023, 315 degrees conferred 23/24.
Auxiliary services - students living in dorms, using dining facilities and bookstore.
Contact & location
- Address
- 3203 Se Woodstock Blvd, Portland, OR, 97202
- City
- Portland
- State
- Oregon
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $107.2M (FY2013) to $204.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $180.4MNet assets $955.3M
Operating margin
22.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$180.4M
Net assets
$955.3M
Salaries & benefits
$69.0M
44% of expenses
Board members
32
31 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $204,695,513▲36.1% | $158,238,547▲4.0% | $955,315,311▲10.7% | $1,135,702,740▲9.1% | 990 |
| 2022 | $150,353,460▼18.7% | $152,129,700▲3.9% | $863,292,182▲4.1% | $1,040,957,477▲3.0% | 990 |
| 2021 | $184,823,009▲36.4% | $146,361,428▲12.9% | $829,114,937▼4.3% | $1,011,067,544▼2.2% | 990 |
| 2020 | $135,489,826▲4.1% | $129,618,956▼4.5% | $866,012,241▲31.4% | $1,033,562,980▲24.4% | 990 |
| 2019 | $130,106,013▼5.8% | $135,687,187▲3.1% | $658,853,654▼0.1% | $830,773,806▲0.4% | 990 |
| 2018 | $138,047,561▲18.5% | $131,652,934▲8.0% | $659,775,198▲0.7% | $827,059,570▲0.8% | 990 |
| 2017 | $116,460,019▲11.6% | $121,951,143▲2.1% | $655,046,809▲6.0% | $820,270,782▲9.1% | 990 |
| 2016 | $104,356,342▼27.4% | $119,453,363▼1.1% | $617,972,723▲7.6% | $751,616,019▲5.8% | 990 |
| 2015 | $143,688,293▲22.2% | $120,729,420▲8.6% | $574,135,450▼6.4% | $710,474,726▼4.8% | 990 |
| 2014 | $117,547,758▲9.6% | $111,132,906▲3.0% | $613,147,132▲0.2% | $746,367,992▲0.1% | 990 |
| 2013 | $107,238,816 | $107,860,597▲5.4% | $611,930,918▲13.2% | $745,731,927▲11.9% | 990 |
| 2012 | — | $102,321,130▼5.3% | $540,804,069▲8.4% | $666,186,990▲6.9% | 990 |
| 2011 | — | $108,040,978▲15.7% | $498,957,043▲4.8% | $623,385,559▲5.3% | 990 |
| 2010 | — | $93,341,833▲1.7% | $476,270,970▲12.4% | $591,751,699▲13.3% | 990 |
| 2009 | — | $91,737,706 | $423,783,807 | $522,223,088 | 990 |
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: Audrey Bilger — $670,868 (0.42% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Audrey Bilger | President | 40 | $670,868 |
| Erik Bernhardt | Chief Investment Officer | 40 | $431,048 |
| Hugh Porter | Vice President For College Relations and Planning | 40 | $416,077 |
| Lynn Valenter | Vice President of Finance and Treasurer | 40 | $368,557 |
| Kathryn Oleson | Dean of the Faculty | 40 | $249,710 |
| Milyon Trulove | Vice President and Dean of Admission and Financial Aid | 40 | $242,477 |
| Valerie Moreno | Chief Information & Security Officer | 40 | $235,608 |
| Andrew Lonergan | Director of Investments | 40 | $230,980 |
| Karnell Mcconnell-black | Vice President For Student Life | 40 | $226,879 |
| Phyllis Esposito | Vice President and Dean For Institutional Diversity | 40 | $206,975 |
| Sheena Mcfarland | Executive Director Public Affairs & Communications | 40 | $206,667 |
| Sarah Panetta | Executive Director of Advancement | 40 | $202,770 |
| Robert Tust | Associate Treasurer and Controller | 40 | $201,741 |
| Alea Adigweme '06 | Trustee | 1 | — |
| Alex J Martinez '73 | Trustee | 1 | — |
| Alice Larkin Steiner '74 | Trustee | 1 | — |
| Amy M Madigan | Trustee | 1 | — |
| Carla J Beam '76 | Trustee | 1 | — |
| Darlene D Pasieczny '01 | Trustee | 1 | — |
| Deborah D Kamali '85 | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Fortis Construction Inc | Construction | $16,172,443 |
| Bon Appetit | Food Service | $5,909,003 |
| Otto Harrassowitz | Library Services and Subcriptions | $1,850,091 |
| Hms Commercial Service Inc | Construction | $1,473,679 |
| Reimers & Jolivette Inc | Construction | $1,429,183 |
Grants received · $19.3M total
130 grants to Reed Institute totaling $19.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $27K in FY2020
1 grant totaling $27K in FY2020. All grants made by Reed Institute →
| Recipient | Purpose | Amount |
|---|---|---|
| Ohsu | Nsf research subaward. | $27,154 |
Similar organizations in Education
Education
Pacific University
Forest Grove, OR
$185.0M
B+annual revenue
Education
Oregon State University Foundation
Corvallis, OR
$176.0M
B+annual revenue
Education
Willamette University
Salem, OR
$175.8M
B+annual revenue
Education
University of Portland
Portland, OR
$243.0M
B+annual revenue
Education
Lewis and Clark College
Portland, OR
$243.8M
Aannual revenue
Education
George Fox University
Newberg, OR
$157.6M
Aannual revenue
Education
Oregon Health and Science University Foundation
Portland, OR
$140.6M
C+annual revenue
Education
Linfield University
Mcminnville, OR
$114.3M
Bannual revenue
Education
University of Oregon Foundation
Eugene, OR
$302.3M
Aannual revenue
Education
Baker Charter Schools Organization
Baker City, OR
$48.6M
Bannual revenue
Compare Reed Institute
Frequently asked questions
- Is Reed Institute a legitimate nonprofit?
- Yes. Reed Institute is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 93-0386908, based in Portland, Oregon. Donations are tax-deductible.
- What is Reed Institute's EIN?
- Reed Institute's Employer Identification Number (EIN) is 93-0386908.
- How much revenue does Reed Institute report?
- Reed Institute reported $204,695,513 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Reed Institute's spending goes to programs?
- Reed Institute spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Reed Institute have?
- CharityIndex grades Reed Institute A, based on program efficiency and fundraising cost.
- How much does Reed Institute's highest-paid employee make?
- The highest reported compensation on Reed Institute's latest Form 990 is $670,868, paid to Audrey Bilger (President).
More nonprofits in Portland
Explore more
Data for Reed Institute (EIN 93-0386908) 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.