American Press Institute Inc

Analysis

American Press Institute Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Press Institute Inc reported income of $3.5m and spending of $5.6m, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.5m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2020, when income rose by 330%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Press Institute Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include American Friends of Yagdil Torah Inc ($3.5m), Rev Birmingham Inc ($3.5m) and Legacy Senior Communities Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $500k (8.9% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $48.4m against liabilities of $1.9m, net assets of $46.4m.