Northwest Institute of Research Inc

Analysis

Northwest Institute of Research Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in May 1978, 48 years ago. 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, Northwest Institute of Research Inc reported income of $43.4m and spending of $42.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.1m to $43.4m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northwest Institute of Research Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Behavioral Health & Developmental Services of Stafford County Inc ($43.4m), Greater Wisconsin Agency on Aging Resources Inc ($43.5m) and Arc of Prince Georges County Inc ($43.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $364k (0.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $7.2m against liabilities of $3.4m, net assets of $3.8m. It reported 48 employees.