Political Research Associates

Analysis

Political Research Associates is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in March 1985, 41 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 September 2023, Political Research Associates reported income of $2.4m and spending of $3.5m, spending 146% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.7m to $2.4m (+46%), an average of +9.9% a year. The sharpest change came in the year to September 2020, when income rose by 130%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Political Research Associates sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Lumity ($2.4m), Slow Burn Theatre Company Inc ($2.4m) and Theatre Memphis ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $174k (4.9% of expenses). Other salaries and wages came to $1.9m. It paid $114k in professional fundraising fees. At year end it held assets of $2.7m against liabilities of $260k, net assets of $2.4m. It reported 23 employees.