Rural Electric Economic Development Inc
Administration of a rural economic development loan program to stimulate economic growth.
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REED provides business and community project financing and assists projects that promote growth, jobs, business, and wealth creation in rural areas.
Verified certifications
Confirmed against the issuing authority - not self-reported.
Mission
Administration of a rural economic development loan program to stimulate economic growth.
Focus areas & reach
· What they work on and whereHow it stacks up against peers
· vs. 8 similar community development in United StatesConcerns
· None foundWhere every $1 goes
· FY2024 · IRS 990 (FY2024)GiveRadar Analysis
Original analysis from GiveRadar's dataset of comparable organizations
Based on the records currently verified by GiveRadar, Rural Electric Economic Development Inc has a complete profile, cross-referenced across 3 independent sources including the IRS.
- GiveRadar has verified more about this organization than about 84% of the 56,086 community development charities in the United States it tracks, because GiveRadar has verified its financial disclosures and its registration. Most of those have little verified data on record yet. View this cohort
- It has more complete contact information than nearly all similar organizations, with a verified website, email, phone and address on record. See national comparisons
- It has more complete governance disclosure than nearly all similar organizations, because GiveRadar has verified leadership, executive compensation, a mission statement and a founding date. See national comparisons
- government registration
- financial records (5 filed years)
- disclosed leadership
- a website
- a contact email
- a donation page
- an owner-submitted profile claim
Analysis based on GiveRadar's benchmark dataset of 2026-07-03. It describes what GiveRadar has verified, not a judgment of the organization itself.
Common questions
· Auto-generated from filings + methodologyRural Electric Economic Development Inc is a registered community development nonprofit based in Madison, SD, United States. It is registered with the Internal Revenue Service (IRS). It was founded in 1997 and has been operating for 29 years. Its EIN is 460445496. According to GiveRadar's records, it holds active tax-deductible status on the IRS Publication 78 list, which means donations are tax-deductible and the organization is in good standing with the IRS. GiveRadar's Integrity Assessment for the organization is 76/100, which reflects how much public information is available, not whether the charity is legitimate. The organization reports $6M in annual revenue. 121 officers and directors are publicly disclosed. No red flags have been detected.
Rural Electric Economic Development Inc's EIN (Employer Identification Number) is 460445496. This is the organization's IRS tax identification number; you can use it to verify tax-exempt status and to look up its Form 990 filings with the IRS.
Rural Electric Economic Development Inc has a GiveRadar Integrity Assessment of 76/100. This score combines five components: Registration (20 pts), Financial Transparency (30 pts), Governance (20 pts), Contact Availability (10 pts), and Data Recency (20 pts), with negative adjustments for any red flags. A score of 76 ('Strong transparency') reflects well-documented governance, recent financials, named leadership, and working contact details. For comparison, the average integrity assessment for community development charities in United States is 90/100.
Rural Electric Economic Development Inc is located in Madison, SD, United States. The organization was established in 1997 and has been active for 29 years.
Based on official tax filings, Rural Electric Economic Development Inc has $6M in annual revenue. It allocates 69% of expenses to programs and services. This is below the average of 87% for community development charities in United States. Its revenue is significantly above the peer average of $3M. Create a free GiveRadar account to view the complete financial breakdown with year-over-year trends.
Rural Electric Economic Development Inc is classified as a Community Development organization, registered in United States. It operates as a Publicly-supported charity (509(a)(2)). By size, it is categorized as a medium organization. It has $6M in annual revenue. The organization has 121 disclosed officers and directors.
No red flags have been detected for Rural Electric Economic Development Inc. GiveRadar automatically screens charities for concerning patterns including high executive compensation, low program spending, and missing financial filings. Based on available official data, no issues have been identified.
According to GiveRadar's records, Rural Electric Economic Development Inc holds active tax-deductible status on the IRS Publication 78 list, which means donations are tax-deductible and the organization is in good standing with the IRS. It is registered with the Internal Revenue Service (IRS). It reports that 69% of expenses go to programs (the peer average is 87%). You can donate directly through their official donation page linked on their GiveRadar profile. GiveRadar provides data for research and does not endorse any organization. A GiveRadar Integrity Assessment reflects how much public data is available, not whether an organization is safe to donate to, so it is always smart to do your own research before giving.
REED provides business and community project financing and assists projects that promote growth, jobs, business, and wealth creation in rural areas. Rural Electric Economic Development Inc is classified as a community development organization registered in United States. The organization was founded in 1997.
Among community development charities registered in United States: It allocates 69% of expenses to programs, below the peer average of 87%. Its annual revenue of $6M is well above the peer average of $3M.
Yes, donations to Rural Electric Economic Development Inc are generally tax-deductible in the United States. Rural Electric Economic Development Inc is a 501(c)(3) tax-exempt organization. Its EIN is 460445496, which you can use for tax filing purposes. Donors can typically deduct contributions on their federal income tax return if they itemize deductions. Consult a tax professional for guidance specific to your situation.
Filing history
5 years on file from IRS 990 (FY2024): revenue, expenses, program spending, assets, and liabilities by fiscal year.
See 5 years of revenue, expense breakdowns, and balance sheet.
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Tax-deductibility for donors
Donations may be tax-deductible for residents of United States under local rules. Confirm with the charity directly.
RURAL ELECTRIC ECONOMIC DEVELOPMENT INC is registered in United States. Donations from the Netherlands to charities outside the EU/EEA are generally not tax-deductible for Dutch donors unless the charity is listed on the Dutch ANBI register with foreign-recognized status.
Always confirm tax treatment with the charity directly or your tax advisor before donating.
Leadership
From FY2024 filing
Officers & trustees (25)
Source: Public filings
25 officers and trustees on file - free with a GiveRadar account.
Latest news
From global news sources
No recent news coverage found
News coverage will appear here when articles mention this organization.
Activity timeline
Filings and press mentions, merged
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Sources and verification
- Registration and legal identity
- Internal Revenue Service (IRS) - Tax Exempt Organization Search
- Financial filings
- IRS Form 990 filings - Fiscal year 2024 most recent on file.
- Officers and trustees
- Internal Revenue Service (IRS) - Tax Exempt Organization Search - 121 disclosed in the public registry.
- Supplementary verification
- Charity Navigator
Data freshness
What we know and don't know
Exactly which public data we hold on this charity. Our score reflects transparency, not impact.
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Financial data · FY2024 on record
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Named leadership · 121 officers on file
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Government registration · Registered with an official registry
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Mission statement · Published
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Official website · On record
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Headquarters address · On file
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Direct contact · Email or phone published
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Tax-deductibility · Verified
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Founding date · 1997
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Executive payTop-officer pay not disclosed
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Programs & activitiesNo named programs listed by the charity
Methodology
GiveRadar builds each profile primarily from official government charity registries, supplemented where available by third-party nonprofit databases and news archives, and combines it into a single 0-100 integrity assessment. The exact sources for this charity are listed above. We don't take a cut of any donation, ever.
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Quick facts about Rural Electric Economic Development Inc
- What is Rural Electric Economic Development Inc?
- Rural Electric Economic Development Inc is a community development publicly-supported charity (509(a)(2)) based in Madison, United States. REED provides business and community project financing and assists projects that promote growth, jobs, business, and wealth creation in rural areas.
- When was Rural Electric Economic Development Inc founded?
- Rural Electric Economic Development Inc was founded in 1997.
- Who leads Rural Electric Economic Development Inc?
- Mike Jaspers serves as Administrator.
- Where is Rural Electric Economic Development Inc located?
- Headquartered in Madison, SD, United States.
- What is Rural Electric Economic Development Inc's annual budget?
- Annual revenue for fiscal year 2024 is approximately $1M-$10M. 69% of expenses go to program services.
- Is Rural Electric Economic Development Inc trustworthy?
- Rural Electric Economic Development Inc has a GiveRadar Integrity Assessment of 76 out of 100 (Strong transparency). The score reflects public-data transparency: registration, financial disclosure, governance, contact details, and how recently data was refreshed. It does not measure program impact.
- What is Rural Electric Economic Development Inc's registration number?
- IRS EIN: 460445496.
- What is Rural Electric Economic Development Inc's website?
- http://reedfund.coop