Norwich University Applied Research Institutes Ltd

Analysis

Norwich University Applied Research Institutes Ltd is a registered charity in United States, based in Northfield, VT. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Norwich University Applied Research Institutes Ltd reported income of $9.6m and spending of $8.8m, spending 92% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $2.2m to $9.6m (+343%), an average of +35% a year. The sharpest change came in the year to May 2021, when income rose by 108%. Over the whole period it spent 91% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Norwich University Applied Research Institutes Ltd sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VT. Charities of a similar size with the same main cause include All Gods Children International ($9.5m), International Economic Development Council Inc ($9.6m) and Friendship Bridge ($9.5m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 41% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $845k (9.6% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $5.0m against liabilities of $1.1m, net assets of $3.9m. It reported 68 employees.