Workers Compensation Research Institute

Analysis

Workers Compensation Research Institute is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in June 1986, 40 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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 June 2024, Workers Compensation Research Institute reported income of $7.9m and spending of $8.7m, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $8.1m to $7.9m (-2.8%), an average of -0.7% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Workers Compensation Research Institute sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Jewish Federation of San Diego County ($7.8m), Nicasa NFP ($7.9m) and Hospice-Vnsw WPHC Inc ($7.8m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.2m (14% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $15.0m against liabilities of $3.8m, net assets of $11.2m. It reported 33 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.