Responsible Artificial Intelligence Institute

Analysis

Responsible Artificial Intelligence Institute is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 2020, 6 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 August 2023, Responsible Artificial Intelligence Institute reported income of $1.1m and spending of $1.1m, spending 95% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $208k to $1.1m (+447%), an average of +76% a year. The sharpest change came in the year to August 2021, when income rose by 195%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Responsible Artificial Intelligence Institute sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Hope Through Education -- a Fund for Better Futures Inc ($1.1m), New Orleans Musicians Assistancefoundation ($1.1m) and Rehearsal for Life Inc ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $374k (35% of expenses). Other salaries and wages came to $192k. At year end it held assets of $77k against liabilities of $7,029, net assets of $70k. It reported 11 employees.