Center for Severe Weather Research Inc

Analysis

Center for Severe Weather Research Inc is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in February 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 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 2020, Center for Severe Weather Research Inc reported income of $531k and spending of $1.3m, spending 248% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $1.9m to $531k (-73%), an average of -73% a year. The sharpest change came in the year to December 2020, when income dropped by 73%. Over the whole period it spent 133% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for Severe Weather Research Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CO. Charities of a similar size with the same main cause include Webster Museums Incorporated ($531k), Burlington Riverfront Entertainment ($531k) and Olympia Film Society ($531k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $238k (18% of expenses). Other salaries and wages came to $528k. At year end it held assets of $1.6m against liabilities of $215k, net assets of $1.4m. It reported 10 employees.