Research-Aid Networks

Analysis

Research-Aid Networks is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Research-Aid Networks reported income of $158k and spending of $152k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $292k to $158k (-46%), an average of -26% a year. The sharpest change came in the year to December 2023, when income rose by 5611%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Research-Aid Networks sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Laurens County Chamber of Commerce Foundation Inc ($158k), Future of Africa Incorporated ($158k) and Congregation Yeshivas Lomza ($158k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.