Basis Research Institute

Analysis

Basis Research Institute is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2022, 4 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Basis Research Institute reported income of $1.4m and spending of $1.0m, leaving 26% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $3.0m to $1.4m (-54%), an average of -54% a year. The sharpest change came in the year to June 2023, when income dropped by 54%. Over the whole period it spent 24% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Basis Research Institute sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Charleston Jazz ($1.4m), Red Bull Theater Inc ($1.4m) and Opera Naples Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% of the total. Other salaries and wages came to $725k. At year end it held assets of $3.3m against liabilities of $26k, net assets of $3.3m. It reported 7 employees.