Research for Action Inc

Analysis

Research for Action Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover social science, 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 June 2023, Research for Action Inc reported income of $5.2m and spending of $5.7m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $5.2m (+68%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 73%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Research for Action Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Boston Early Music Festival Inc ($5.2m), St Augustine Lighthouse & Maritime Museum Inc ($5.2m) and Epochtimes Public Media Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $704k (12% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $5.9m against liabilities of $1.8m, net assets of $4.1m. It reported 61 employees.