Research Corporation
Research Corporation maintains substantial assets despite volatile revenue and occasional operating deficits.
EIN: 131963407 · Tucson, AZ · Updated: 2026-03-28
Is Research Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Research Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Research Corporation
Research Corporation (EIN: 131963407) is a nonprofit organization based in Tucson, AZ. The organization reported total revenue of $40.4M and total assets of $241.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Research Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Research Corporation is a large nonprofit that has been operating for 92 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -14.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $16.6M |
| Surplus / Deficit | $-15,318,246 |
| Total Assets | $222.1M |
| Total Liabilities | $2.9M |
| Net Assets | $219.2M |
| Operating Margin | -1195.9% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 160.5 months |
Financial Health Grade: B
In 2023, Research Corporation reported a deficit of $15.3M with expenses exceeding revenue, holds 160.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Research Corporation's revenue has declined at a compound annual growth rate (CAGR) of -14.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -82.7% | +21.4% | +13.6% |
| 2022 | -71.7% | -16.9% | -19.2% |
| 2021 | +477.7% | +32.9% | +11.6% |
| 2020 | -56.8% | +8.2% | +14.1% |
| 2019 | -37.5% | +57.9% | +26.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1934 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Research Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Research Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Research Corporation consistently reports 0% officer compensation across all available filings, which is highly commendable and suggests that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, indicating a strong commitment to minimizing overhead in this area.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Research Corporation's IRS 990 filings:
- Highly volatile annual revenue, making financial planning potentially challenging.
- Operating deficits in multiple years (e.g., 2023, 2022, 2020), indicating expenses exceeded revenue in those periods.
Strengths
The following positive indicators were identified for Research Corporation:
- Substantial and growing asset base ($241,476,977 latest) providing long-term financial security.
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship in this area.
- Low liabilities relative to assets, suggesting a healthy financial structure.
- Long history of IRS 990 filings, indicating transparency and compliance.
Frequently Asked Questions about Research Corporation
Is Research Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Research Corporation (EIN: 131963407) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Research Corporation spend its money?
Research Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Research Corporation tax-deductible?
Research Corporation is registered as a tax-exempt nonprofit (EIN: 131963407). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Research Corporation financially stable?
Yes, Research Corporation appears financially stable due to its substantial asset base of $241,476,977, which provides a significant buffer against revenue fluctuations and occasional operating deficits, such as the $15,318,246 deficit in 2023.
How does Research Corporation manage executive compensation?
Research Corporation consistently reports 0% officer compensation in all available IRS 990 filings, indicating a highly efficient approach to executive pay or that leadership is compensated through non-officer compensation means.
What is the trend in Research Corporation's revenue?
Research Corporation's revenue has been highly volatile, with significant swings from $1,280,875 in 2023 to $26,138,153 in 2021, making it difficult to predict future income based on past trends.
Does Research Corporation have a strong balance sheet?
Yes, Research Corporation has a strong balance sheet, with assets consistently growing over the years, reaching $241,476,977 in the latest period, significantly outweighing its liabilities.
Filing History
IRS 990 filing history for Research Corporation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Research Corporation's revenue has declined by 83.7%, moving from $7.9M to $1.3M. Total assets increased by 73.3% over the same period, from $128.2M to $222.1M. Total functional expenses rose by 100.3%, from $8.3M to $16.6M. In its most recent filing year (2023), Research Corporation reported a deficit of $15.3M, with expenses exceeding revenue. The organization holds $2.9M in liabilities against $222.1M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $219.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $16.6M | $222.1M | $2.9M | — | View 990 |
| 2022 | $7.4M | $13.7M | $195.5M | $6.1M | — | View 990 |
| 2021 | $26.1M | $16.4M | $242.0M | $3.0M | — | View 990 |
| 2020 | $4.5M | $12.4M | $216.8M | $1.2M | — | View 990 |
| 2019 | $10.5M | $11.4M | $190.0M | $1.5M | — | View 990 |
| 2015 | $16.8M | $7.2M | $150.0M | $3.5M | — | View 990 |
| 2014 | $14.6M | $8.0M | $157.6M | $3.5M | — | View 990 |
| 2013 | $14.8M | $6.3M | $160.7M | $3.4M | — | View 990 |
| 2012 | $14.7M | $7.7M | $146.7M | $5.4M | — | View 990 |
| 2011 | $7.9M | $8.3M | $128.2M | $6.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $16.6M, and assets of $222.1M (revenue -82.7% year-over-year).
- 2022: Revenue of $7.4M, expenses of $13.7M, and assets of $195.5M (revenue -71.7% year-over-year).
- 2021: Revenue of $26.1M, expenses of $16.4M, and assets of $242.0M (revenue +477.7% year-over-year).
- 2020: Revenue of $4.5M, expenses of $12.4M, and assets of $216.8M (revenue -56.8% year-over-year).
- 2019: Revenue of $10.5M, expenses of $11.4M, and assets of $190.0M (revenue -37.5% year-over-year).
- 2015: Revenue of $16.8M, expenses of $7.2M, and assets of $150.0M (revenue +15.1% year-over-year).
- 2014: Revenue of $14.6M, expenses of $8.0M, and assets of $157.6M (revenue -1.8% year-over-year).
- 2013: Revenue of $14.8M, expenses of $6.3M, and assets of $160.7M (revenue +1.0% year-over-year).
- 2012: Revenue of $14.7M, expenses of $7.7M, and assets of $146.7M (revenue +86.4% year-over-year).
- 2011: Revenue of $7.9M, expenses of $8.3M, and assets of $128.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Research Corporation:
Data Sources and Methodology
This transparency report for Research Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.