Associates in Research and Education for Development Inc

Analysis

Associates in Research and Education for Development Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 1991, 35 years ago. Its declared purposes cover arts, culture and humanities, 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 December 2023, Associates in Research and Education for Development Inc reported income of $3.1m and spending of $2.4m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.1m (+168%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 198%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Associates in Research and Education for Development Inc 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 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Catchlight ($3.1m), Bowdoin International Music Festival ($3.1m) and St Lawrence Valley Educational Television Council Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $99k (4.1% of expenses). Other salaries and wages came to $673k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.