Textile Research Institute

Analysis

Textile Research Institute is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in July 1964, 62 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Textile Research Institute reported income of $6.2m and spending of $7.6m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $6.2m (+92%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Textile Research Institute sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Channel 5 Public Broadcasting Inc ($6.1m), Two East Sixty Second Street Foundation ($6.2m) and Metropolitan Regional Arts Council ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $460k (6.1% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $5.8m against liabilities of $3.5m, net assets of $2.4m. It reported 32 employees.