Universities Research Association Inc

Analysis

Universities Research Association Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1966, 60 years ago. 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, Universities Research Association Inc reported income of $5.8m and spending of $6.3m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.8m to $5.8m (+0.2%), an average of +0.1% a year. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Universities Research Association Inc 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 93rd percentile, and in the 81st percentile within DC. Charities of a similar size with the same main cause include Oakbrook Preparatory School ($5.8m), Bridges BTC Inc ($5.8m) and Jefferson County Comprehensive ($5.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 10% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1.9m (29% of expenses). Other salaries and wages came to $660k. At year end it held assets of $20.4m against liabilities of $2.0m, net assets of $18.4m. It reported 16 employees.