Innovative Pavement Research Foundation

Analysis

Innovative Pavement Research Foundation is a registered charity in United States, based in Rosemont, IL. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Innovative Pavement Research Foundation reported income of $131k and spending of $139k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $102k to $131k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Innovative Pavement Research Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within IL. Charities of a similar size with the same main cause include Lemon Street Gallery ($131k), Petaluma Arts Council ($131k) and Florence Regional Arts Alliance ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $327k against liabilities of $20k, net assets of $307k.