#183 of 500 · Research & Science

Southwest Research Institute

EIN 74-1070544 · TX · NTEE U990 · Form 990, fiscal 2023

An independent, nonprofit applied research and development organization headquartered in San Antonio, Texas. Founded in 1947 by oil businessman Tom Slick, it performs contract R&D for government and industrial clients across fields spanning aerospace, defense, automotive, energy, chemistry, engineering, and space science. Its multidisciplinary staff work on projects ranging from deep-sea to deep-space, and the institute operates on a not-for-profit basis in the public interest.

Financials, fiscal 2023

Revenue

$855.6M

Expenses

$811.8M

Total assets

$1.02B

Net assets

$764.7M

Operating margin

5.1%

1-year growth

6.8%

5-year growth (CAGR)

5.7%

Reserve (years of spending)

11.3

Contributions share

0.0%

Programme spending

98.7%

Fundraising cost

n/a

Executive pay share

1.42%

Employees

3,269

Revenue per employee

$262K

Grants paid

$498K

Years filing

17

NFP Health Score: 69 / 100

Financial 56 · Governance 75 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

We are R&D problem solvers providing independent, premier services to government and industry clients.

Revenue history