Universities Space Research Association

Analysis

Universities Space Research Association is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1969, 57 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 (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 Space Research Association reported income of $69.6m and spending of $77.4m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $160.9m to $69.6m (-57%), an average of -19% a year. The sharpest change came in the year to September 2023, when income dropped by 37%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Universities Space Research Association sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within DC. Charities of a similar size with the same main cause include Dr Phillips Center for the Performing Arts Inc ($67.6m), Alamo Trust Inc ($69.6m) and Music and Event Management Inc ($66.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 110% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $4.6m (6.0% of expenses). Other salaries and wages came to $30.4m. At year end it held assets of $47.5m against liabilities of $17.1m, net assets of $30.4m. It reported 428 employees.