Applied Research Institute

Analysis

Applied Research Institute is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Applied Research Institute reported income of $55.3m and spending of $50.6m, spending 91% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $4.4m to $55.3m (+1162%), an average of +133% a year. The sharpest change came in the year to December 2022, when income rose by 235%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Applied Research Institute sits at the 99th 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 IN. Charities of a similar size with the same main cause include Goodwill Industries of the Inland Northwest ($55.0m), Community Reinvestment Fund Inc ($55.5m) and Relay Resources ($54.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $1.5m (3.0% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $41.7m against liabilities of $34.1m, net assets of $7.6m. It reported 42 employees.