Ayn Rand Institute the Center for the Advancement of Objectivism

Analysis

Ayn Rand Institute the Center for the Advancement of Objectivism is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in May 1987, 39 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 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 September 2023, Ayn Rand Institute the Center for the Advancement of Objectivism reported income of $15.5m and spending of $10.7m, leaving 31% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.0m to $15.5m (+122%), an average of +22% a year. The sharpest change came in the year to September 2021, when income rose by 112%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ayn Rand Institute the Center for the Advancement of Objectivism sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Society for Industrial and Applied Mathematics ($15.4m), Metropolitan Indianapolis Public Media Inc ($15.6m) and Portland Museum of Art ($15.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $901k (8.4% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $31.4m against liabilities of $4.4m, net assets of $27.0m. It reported 48 employees.