Husky Research Corporation Inc

Analysis

Husky Research Corporation Inc is a registered charity in United States, based in Bloomsburg, PA. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover social science, 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 June 2024, Husky Research Corporation Inc reported income of $613k and spending of $617k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $777k to $613k (-21%), an average of -5.8% a year. The sharpest change came in the year to June 2023, when income dropped by 27%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Husky Research Corporation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Bay Area Houston Ballet & Theatre ($613k), Friends of Montana Shakespeare in the Parks ($613k) and Immediate Life Inc ($613k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $478k against liabilities of $405k, net assets of $73k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.