Richard R Reed Foundation
Only null% goes to programs Strong reserves Declining revenue
Richard R Reed Foundation is a 501(c)(3) organization based in Castle Rock, Colorado, registered in 2015, with $938,113 in FY2024 revenue. CharityIndex grades it B.
1050 Vintage Pl, Castle Rock, CO, 80108 EIN 47-3818599 Since 2015
Revenue (FY2024)
$938K
▲ 69.9% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$747K
Net assets
$10.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 Richard R Reed Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating163 mo reserves · +20% 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 Richard R Reed Foundation: 163 mo reserves · +20% margin earns a B+ 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 Richard R Reed Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Richard R Reed Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1050 Vintage Pl, Castle Rock, CO, 80108
- City
- Castle Rock
- State
- Colorado
- Subcategory
- Philanthropy Programs
- Website
- …
Financial trends
Revenue grew from $45K (FY2016) to $938K (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $426Net assets $10.1M
Operating margin
20.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$10.1M
Total liabilities
$426
Net assets
$10.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $938,113▲69.9% | $746,921▼0.2% | $10,147,378▲16.0% | $10,147,804▲16.0% | 990PF |
| 2023 | $552,141▼50.2% | $748,705▲16.5% | $8,744,474▲29.5% | $8,744,680▲29.5% | 990PF |
| 2022 | $1,109,423▼4.0% | $642,585▲3.4% | $6,750,372▼32.6% | $6,750,743▼32.6% | 990PF |
| 2021 | $1,155,215▲57.4% | $621,418▼1.8% | $10,013,203▲13.9% | $10,015,791▲13.9% | 990PF |
| 2020 | $733,905▲63.2% | $632,605▲91.9% | $8,791,209▲50.5% | $8,791,303▲50.5% | 990PF |
| 2019 | $449,747▲896% | $329,695▲371% | $5,840,327▲99.6% | $5,842,795▲99.7% | 990PF |
| 2016 | $45,171 | $69,941 | $2,926,320 | $2,926,320 | 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.
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Frequently asked questions
- Is Richard R Reed Foundation a legitimate nonprofit?
- Yes. Richard R Reed Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-3818599, based in Castle Rock, Colorado. Donations are tax-deductible.
- What is Richard R Reed Foundation's EIN?
- Richard R Reed Foundation's Employer Identification Number (EIN) is 47-3818599.
- How much revenue does Richard R Reed Foundation report?
- Richard R Reed Foundation reported $938,113 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Richard R Reed Foundation have?
- CharityIndex grades Richard R Reed Foundation B, based on financial health (reserves and operating margin).
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Data for Richard R Reed Foundation (EIN 47-3818599) 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.