Research Inc

Analysis

Research Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 2024, 2 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Research Inc reported income of $1.2m and spending of $1.4m, spending 120% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.9m to $1.2m (-38%), an average of -11% a year. The sharpest change came in the year to September 2020, when income dropped by 55%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Research Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Women Organized to Make Abuse Non Existent Inc ($1.2m), Warrensburg Emergency Medical Services Inc ($1.2m) and Connecticut Valley Addiction Recovery Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $135k (9.6% of expenses). Other salaries and wages came to $277k. At year end it held assets of $2.1m against liabilities of $44k, net assets of $2.1m. It reported 7 employees.