Competitive Enterprise Institute

Analysis

Competitive Enterprise Institute is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1984, 42 years ago. 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, Competitive Enterprise Institute reported income of $10.1m and spending of $8.4m, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.1m to $10.1m (+42%), an average of +9.2% a year. The sharpest change came in the year to September 2023, when income rose by 31%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Competitive Enterprise Institute sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 87th percentile within DC. Charities of a similar size with the same main cause include Jackson Hole Community Housing ($10.1m), Odd Fellows Home of Massachusetts ($10.1m) and Pact Charter School ($10.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $783k (9.3% of expenses). Other salaries and wages came to $3.1m. It paid $108k in professional fundraising fees. At year end it held assets of $10.0m against liabilities of $4.4m, net assets of $5.6m. It reported 40 employees.