Fiscal Policy Institute

Analysis

Fiscal Policy Institute is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 1992, 34 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fiscal Policy Institute reported income of $882k and spending of $574k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $882k (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fiscal Policy Institute sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Trinity Acres Housing Corporation ($882k), National Criminal Defense College Inc ($882k) and Daniel James McCarthy Memorial Fund Inc ($882k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $144k (25% of expenses). Other salaries and wages came to $132k. At year end it held assets of $822k against liabilities of $58k, net assets of $764k. It reported 4 employees.