Highway Loss Data Institute

Analysis

Highway Loss Data Institute is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in September 1973, 53 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 December 2023, Highway Loss Data Institute reported income of $5.8m and spending of $4.5m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $5.8m (+35%), an average of +7.9% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Highway Loss Data Institute 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 93rd percentile within VA. Charities of a similar size with the same main cause include Pool & Hot Tub Foundation ($5.8m), Covenant Ministries of Benevolence ($5.8m) and Tri-County Retirement & Nursing ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 85% of the total. Compensation of current officers, directors and key employees was $853k (19% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $8.8m against liabilities of $2.1m, net assets of $6.7m. It reported 25 employees.