Iqm Research Institute

Analysis

Iqm Research Institute is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in March 2017, 9 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 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, Iqm Research Institute reported income of $4.7m and spending of $4.3m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $353k to $4.7m (+1216%), an average of +90% a year. The sharpest change came in the year to December 2022, when income rose by 215%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iqm Research Institute 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 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Wichita Art Museum Inc ($4.6m), Palm Springs Plaza Theatre Foundation ($4.7m) and Theatre Aspen ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $704k (16% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.4m against liabilities of $752k, net assets of $646k. It reported 24 employees.