Southern Research Institute

Analysis

Southern Research Institute is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in February 1945, 81 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 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, Southern Research Institute reported income of $49.8m and spending of $56.0m, spending 112% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income fell from $63.9m to $49.8m (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southern Research 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 99th percentile, and in the 99th percentile within AL. Charities of a similar size with the same main cause include National Cable Satellite Corporation ($49.4m), Childrens Museum of Indianapolis Incorporated ($49.8m) and Chautauqua Institution ($49.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $2.6m (4.7% of expenses). Other salaries and wages came to $17.5m. At year end it held assets of $242.1m against liabilities of $63.2m, net assets of $178.9m. It reported 290 employees.