The Edison Institute Inc

Analysis

The Edison Institute Inc is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in August 1945, 81 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Edison Institute Inc reported income of $81.9m and spending of $87.8m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $82.4m to $81.9m (-0.6%), an average of -0.2% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Edison Institute Inc 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 MI. Charities of a similar size with the same main cause include National World War II Museum Inc ($81.8m), National Center for Defense Manufacturing and Machining ($82.1m) and Los Angeles County Museum of Natural History Foundation ($81.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $1.4m (1.6% of expenses). Other salaries and wages came to $36.3m. It paid $80k in professional fundraising fees. At year end it held assets of $539.6m against liabilities of $53.2m, net assets of $486.4m. It reported 1,649 employees.