US Research Impact Alliance Corp

Analysis

US Research Impact Alliance Corp is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, US Research Impact Alliance Corp reported income of $407k and spending of $403k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $281k to $407k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 99% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, US Research Impact Alliance Corp sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within WV. Charities of a similar size with the same main cause include Franklin Parks Foundation ($406k), Grace Hudowalski Charitable Trust ($407k) and Friends of the Mad River ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $84k (21% of expenses). Other salaries and wages came to $256k. At year end it held assets of $106k against liabilities of $109k, net assets of -$3,069. It reported 5 employees.