Institute for Operations Research and the Management Sciences

Analysis

Institute for Operations Research and the Management Sciences is a registered charity in United States, based in Catonsville, MD. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover social science, 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, Institute for Operations Research and the Management Sciences reported income of $14.6m and spending of $14.9m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.7m to $14.6m (-6.9%), an average of -1.8% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Institute for Operations Research and the Management Sciences sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Haven Gallery ($14.6m), Scottsdale Arts ($14.7m) and Artsfund ($14.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $582k (3.9% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $25.7m against liabilities of $7.7m, net assets of $18.0m. It reported 52 employees.