Research Triangle Institute

Analysis

Research Triangle Institute is a registered charity in United States, based in RTP, NC. It received its IRS tax-exemption ruling in April 1960, 66 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Research Triangle Institute reported income of $1.25bn and spending of $1.23bn, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $967.5m to $1.25bn (+29%), an average of +6.5% a year. The sharpest change came in the year to September 2021, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Research Triangle Institute 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 100th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include Weizmann Institute of Science ($938.4m), Aerospace Corporation ($1.30bn) and Southwest Research Institute ($855.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $14.6m (1.2% of expenses). Other salaries and wages came to $420.1m. At year end it held assets of $821.8m against liabilities of $327.4m, net assets of $494.4m. It reported 5,363 employees.