Reservoir Engineering Research Institute

Analysis

Reservoir Engineering Research Institute is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in March 1991, 35 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 December 2023, Reservoir Engineering Research Institute reported income of $542k and spending of $684k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $770k to $542k (-30%), an average of -8.4% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Reservoir Engineering Research Institute 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 73rd percentile within CA. Charities of a similar size with the same main cause include Southeastern Connecticut Television ($542k), Leap to Success Inc ($542k) and Ohio & Erie Canal Association ($542k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $115k (17% of expenses). Other salaries and wages came to $224k. At year end it held assets of $229k against liabilities of $489k, net assets of -$259k. It reported 6 employees.