Ut-Battelle Development Corporation

Analysis

Ut-Battelle Development Corporation is a registered charity in United States, based in Oak Ridge, TN. It received its IRS tax-exemption ruling in April 2003, 23 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, Ut-Battelle Development Corporation reported income of $20.5m and spending of $17.2m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $36.7m to $20.5m (-44%), an average of -14% a year. The sharpest change came in the year to September 2021, when income dropped by 47%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ut-Battelle Development Corporation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include The Tivoli Theatre Foundation Inc ($20.5m), Grand Rapids Public Museum ($20.6m) and Childrens Museum of Northwestarkansas ($20.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 57% of the total. At year end it held assets of $69.4m against liabilities of $41.1m, net assets of $28.2m.