Science & Technology
(U990)
IRS Verified
DX Registered
990 on File
SOUTHWEST RESEARCH INSTITUTE
Financial strength (30%)
92/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
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CharityAI™ Score
Not yet evaluated
Mission Statement
We are R&D problem solvers providing independent, premier services to government and industry clients. Our multidisciplinary nature allows us to rapidly assemble diverse teams to tackle problems from multiple directions. We push the boundaries of science and technology to develop innovative solutions that advance the state of the art and improve human health and safety. Operating as a nonprofit since our 1947 inception, we work in the public’s best interest and toward the betterment of humanity. And as a contract R&D organization, we are here when you need us.
Financial Overview — FY 2024
$926.4M
Total Revenue
$892.4M
Total Expenses
$822.6M
Net Assets
3418
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
84.4%
Fundraising Efficiency
N/A
Operating Reserve
11.06x
Liability-to-Asset
26.9%
Revenue Diversification
98.7%
Executive Compensation
$12.5M
Compared with Peers
FY 2024
Compared with 32 similar organizations
(United States, Science & Technology, $100M and over in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
84.4% | 88.7% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
15.6% | 11.5% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
11.1 mo | 6.5 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
26.9% | 42.4% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
98.7% | 95.6% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
8.3% | 11.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
9.9% | 10.3% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
3.7% | 1.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $926.4M | $892.4M | $822.6M | 84.4% | 3418 |
| 2023 | $855.6M | $811.8M | $764.7M | 84.2% | 3269 |
| 2022 | $800.9M | $762.6M | $708.2M | 84.1% | 3132 |
| 2021 | $748.3M | $697.6M | N/A | — | 3068 |
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