Applied Research Institute
PO Box 5097, Bloomington, IN · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $76,880,879 | $68,231,647 | $16,246,933 |
| FY2023 | $55,308,760 | $50,567,517 | $7,597,701 |
| FY2022 | $30,438,388 | $29,551,415 | $2,856,458 |
| FY2021 | $9,074,163 | $7,556,576 | $1,969,485 |
| FY2020 | $4,382,204 | $4,062,553 | $451,898 |
| FY2019 | $124,191 | $432 | $132,247 |
Form 990 filings
The returns filed by Applied Research Institute (EIN 82-1443757), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $58,845,448 | 77% |
| Program service revenue | $16,675,019 | 22% |
| Other revenue | $1,360,412 | 2% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $63,656,987 | 93% |
| Management & general | $4,574,660 | 7% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 77% of total revenue in FY2024.
- Program services accounted for 93% of functional expenses, management & general 7%, and fundraising 0%.
- 93% of functional expenses went to program services in FY2024. That is higher than 69.2% of 480 Community Improvement & Capacity Building organizations nationwide (too few in IN for a state comparison).
- Net assets covered about 2.9 months of expenses at the end of the reporting year. That puts it in the 11th percentile among 524 Community Improvement & Capacity Building organizations in IN.
- Total revenue was the highest among 532 Community Improvement & Capacity Building organizations in IN.
- Total revenue rose from $124,191 in FY2019 to $76,880,879 in FY2024. Revenue increased in 5 and decreased in 0 of 5 year-over-year comparisons.
- Revenue covered expenses in each of the 6 reported years, FY2019 to FY2024.
- Net assets grew from $132,247 to $16,246,933 between FY2019 and FY2024.
- Contributions and grants made up 0% of revenue in FY2019 and 77% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
ARI WAS FORMED TO CONDUCT RESEARCH AND FOSTER REGIONAL COLLABORATION AMONG INDIANA'S RESEARCH UNIVERSITIES; LOCAL, STATE, AND FEDERAL GOVERNMENT ENTITIES; AND THE PHILANTHROPIC AND CORPORATE SECTORS IN CONNECTION WITH CHARITABLE, EDUCATIONAL, AND OTHER EXEMPT PROGRAMS INVOLVING MUTLI-SPECTRAL
IRS status
| Ruling year | 2017 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | S30 — Community Improvement & Capacity Building |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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