Reed Institute
Also known as Reed College
Reed Institute reported $234.6 million in revenue and $165.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $91.06 went to program services, $5.52 to management and general costs and $3.42 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 49.0% of the total. The highest compensation it reported for one person was $839,699 (President). 163 people received more than $100,000 in reportable compensation. Revenue rose 80% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $165MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $235M- Contributions & grants (non-government)$10.72 $25M
- Government grants$1.43 $3.4M
- Program service revenue$49.01 $115M
- Investment income$38.84 $91M
Other revenue was negative: −$163K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.1% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.4% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.20 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 12.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.4% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 49.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $839,699 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.51% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 163 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 74.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 27 of 28 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe Institute had 26 research grants funded with federal funds. Departments funded were Biology, Chemistry, Physics, Psychology, Math, Sociology, and the nuclear reactor
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President Director/trustee, officer, 40 hrs/week | $785,892 | $0 | $53,807 | $839,699 |
| Chief Investment Officer Key employee, 40 hrs/week | $470,727 | $0 | $59,539 | $530,266 |
| Vice President of Finance and Treasurer Officer, 40 hrs/week | $384,852 | $0 | $53,807 | $438,659 |
| Dean of the Faculty Officer, 40 hrs/week | $260,978 | $0 | $48,371 | $309,349 |
| Vice President and Dean of Admission and Financial Aid Officer, 40 hrs/week | $253,378 | $0 | $50,640 | $304,018 |
| Vice President for College Relations and Planning (through 6/30/24) Officer, 40 hrs/week | $265,733 | $0 | $36,926 | $302,659 |
| Director of Investments Highest compensated employee, 40 hrs/week | $251,314 | $0 | $42,566 | $293,880 |
| Chief Information & Security Officer Highest compensated employee, 40 hrs/week | $242,629 | $0 | $43,256 | $285,885 |
163 people received more than $100,000 in reportable compensation from Reed Institute (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.6M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b28 · 27 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 51,703
- Volunteers Part I, line 6595
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Ameresco Inc Construction | $6,209,091 |
| Bon Appetit Food service | $5,857,734 |
| Fortis Construction Inc Construction | $3,102,564 |
| Reimers & Jolivette Inc Construction | $1,649,385 |
Individuals listed as contractors are left out. 45 contractors were paid more than $100,000 in all.
Private foundation grants it received
31 private foundations reported grants to Reed Institute totaling $1.2M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Reed Institute's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Reed Institute, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Reed Institute spent in FY2025, $91.06 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Rose-Hulman Institute of TechnologyTerre Haute, IN · revenue $234M · programs 88.4% · FY2025
- Think TogetherSanta Ana, CA · revenue $235M · programs 87.0% · FY2025
- Meharry Medical CollegeNashville, TN · revenue $234M · programs 91.5% · FY2025
- Purdue Research FoundationWest Lafayette, IN · revenue $235M · programs 56.6% · FY2025
- Kansas State University FoundationManhattan, KS · revenue $234M · programs 73.9% · FY2025
Questions people ask
How much of Reed Institute's spending goes to programs?
In the fiscal year ending June 30, 2025, Reed Institute reported that 91.1% of its $165.2 million in expenses went to program services, 5.5% to management and general and 3.4% to fundraising (Form 990, Part IX).
How much does Reed Institute pay its top executive?
The largest total compensation Reed Institute reported for one person in the fiscal year ending June 30, 2025 was $839,699, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Reed Institute get its money?
Of $234.6 million in revenue in the fiscal year ending June 30, 2025, 12.2% came from contributions and grants (including 1.4% from government grants) and 49.0% from program service revenue (Form 990, Part VIII).
Is Reed Institute a registered charity?
The IRS lists EIN 93-0386908 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631319349304193 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531279349301508 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401279349302600 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321299349304247 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221369349314302 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121379349303462 · read the filing
All filings for EIN 93-0386908: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.