New York · Nonprofit
SRC Inc
SRC Inc (New York) receives grants from 3 organizations whose IRS filings report $1,341,773 to it, the largest being JOHNS HOPKINS UNIVERSITY ($1,213,730). 2 of them have funded it in more than one year.
- Revenue FY2025
- $342M
- Funders on record
- 3
- Grants received
- $1.3M
- Net assets
- $302M
What SRC Inc does
Mission
Our Mission is to deliver innovative, advanced defense solutions and products that help keep America and our allies safe and strong through RD, services, and manufacturing - investing all our earnings into technology, employees, and communities.
As stated on its FY2025 Form 990.
Program
Revenue and Expenses arising in connection with Scientific Research and Development services provided mainly to the Federal Government in the area of Defense, Environment, and Intelligence.
$300,066,831 spent$327,108,425 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $300,066,831.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $359M to $402M (+12%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
0% of SRC Inc’s revenue is contributions — more earned-revenue than three-quarters of its peers (3% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Kevin Hair
President CEO
Board chair
Joan A Dempsey
Chairperson
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2019 and FY2020 filings.
Who funds it, year by year
2017 → 2023: the base narrowed from 2 funders to 1 funder, grant income fell $230k → $99k.
From the IRS filings of SRC Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
SRC Inc leans on a few funders — its largest provides 90% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund SRC Inc.
Largest funder’s share by year: 2017 84% · 2018 100% · 2019 100% · 2023 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
SRC Inc draws 100% of its grant income from funders outside New York, across 3 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
SRC Inc's revenue grew 77% between 2017 and 2025.
this organization peer median middle 50% of peers· 12 unclassified nonprofits over $100M, FY2025
Organizations like SRC Inc
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
87% of spending goes to programs.
Governance
Public support
91%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 3 states
Part of a family of 4 related entities
- Syracuse Research LLC · disregarded
- SRCTec LLC · disregarded
- SRC International Inc · exempt
- SRC Ventures Inc · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for SRC Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds SRC Inc?
- SRC Inc (New York) receives grants from 3 organizations whose IRS filings report $1,341,773 to it, the largest being JOHNS HOPKINS UNIVERSITY ($1,213,730). 2 of them have funded it in more than one year.
- How many funders does SRC Inc have?
- IRS filings report 3 organizations giving $1,341,773 in grants to SRC Inc, 2 of which have funded it in more than one year.
- Who is the largest funder of SRC Inc?
- JOHNS HOPKINS UNIVERSITY is the largest funder on record, with $1,213,730 in grants. The full list of funders is on this page.
- How can an organization like SRC Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds SRC →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing