Materials Research Society

Analysis

Materials Research Society is a registered charity in United States, based in Warrendale, PA. It received its IRS tax-exemption ruling in June 1991, 35 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Materials Research Society reported income of $10.5m and spending of $10.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.1m to $10.5m (-6.0%), an average of -1.5% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Materials Research Society 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 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Goodwill Industries of South Mississippi Inc ($10.5m), Texas One Fund Inc ($10.5m) and Greenwood County Community Foundation Inc ($10.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $733k (7.2% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $12.7m against liabilities of $2.9m, net assets of $9.8m. It reported 43 employees.