Southwest Research Institute

Analysis

Southwest Research Institute is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in March 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Southwest Research Institute reported income of $855.6m and spending of $811.8m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $685.5m to $855.6m (+25%), an average of +5.7% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southwest 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 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Alliance for Energy Innovation LLC ($786.3m), Weizmann Institute of Science ($938.4m) and Charles Stark Draper Laboratory Inc ($764.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $11.5m (1.4% of expenses). Other salaries and wages came to $316.4m. At year end it held assets of $1.02bn against liabilities of $255.5m, net assets of $764.7m. It reported 3,269 employees.