Institute for Advanced Study

Analysis

Institute for Advanced Study is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in May 1931, 95 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Institute for Advanced Study reported income of $88.4m and spending of $75.5m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $45.0m to $88.4m (+97%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 120%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Institute for Advanced Study sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Royal Shakespeare ($86.4m), Opas Foundation ($88.7m) and San Francisco Opera Association ($85.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $2.0m (2.6% of expenses). Other salaries and wages came to $22.2m. At year end it held assets of $1.32bn against liabilities of $142.3m, net assets of $1.18bn. It reported 527 employees.