Search Institute

Analysis

Search Institute is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in January 1969, 57 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Search Institute reported income of $4.2m and spending of $5.7m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $4.2m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 238%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Search Institute sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include The Youngstown Edison Incubator Corporation ($4.2m), Detroit Regional Partnership Foundation ($4.2m) and Warriors Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $377k (6.6% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $10.2m against liabilities of $750k, net assets of $9.5m. It reported 36 employees.