How is PERFI8TH INC. funded?

PERFI8TH INC. normally receives two-thirds of its support from a combination of gifts, grants, contributions, volunteer fees, and gross receipts (from permitted sources) from activities related to its exempt functions (scientific, educational and charitable purposes) and normally receive one-third of your support from investment income and unrelated business taxable income. PERFI8TH INC. is primarily organized and operated to conduct scientific research in the public interest and claims eligibility as a nonprofit research organization primarily engaged in basic research as defined by 8 CFR § 214.2(h)(19)(iii)(C) which states: Basic research is also research that advances scientific knowledge, but does not have specific immediate commercial objectives although it may be in fields of present or potential commercial interest. It may include research and investigation in the sciences, social sciences, or humanities. Applied research is research to gain knowledge or understanding to determine the means by which a specific, recognized need may be met.