Reed Charitable Trust

Organization Overview

Reed Charitable Trust, operating under the name Na, is located in Worcester, MA. The organization was established in 1977. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Na is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Na generated $492.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $511.1k during the year ending 12/2023. While expenses have increased by 0.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE TRUST'S EXEMPT PURPOSE IS TO PROVIDE FUNDS TO THE JEWISH HEALTHCARE CENTER, INC. SEE BOTTOM PAGE (FORMERLY THE JEWISH HOME FOR AGED OF WORCESTER COUNTY, INC.) TO ESTABLISH, MAINTAIN AND OPERATE A HOSPITAL/MEDICAL UNIT WITHIN ITS COMPLEX.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE TRUST PROVIDES FUNDS TO JEWISH HEALTHCARE CENTER, INC (FORMERLY THE JEWISH HOME FOR AGED OF WORCESTER COUNTY, INC.) TO BE USED TO MAINTAIN AND OPERATE ITS HOSPITAL/MEDICAL UNIT.


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Board, Officers & Key Employees

Name (title)Compensation
Alan Stoll
President
$0
Jay Aframe
Vice President
$0
Steven Willens
Trustee
$0
Matthew Ostrow
Treasurer
$0
Warren Palley
Trustee
$0
Ricky Seder
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $189,431
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $303,354
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $492,785

Peer Organizations

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