Economic Policy Institute

Analysis

Economic Policy Institute is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover social science, 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 December 2023, Economic Policy Institute reported income of $16.2m and spending of $12.1m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.9m to $16.2m (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Economic Policy Institute sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 91st percentile within DC. Charities of a similar size with the same main cause include Social Research Applications ($16.1m), Frist Art Museum ($16.2m) and Chicago Shakespeare Theater ($16.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $241k (2.0% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $21.9m against liabilities of $4.0m, net assets of $17.9m. It reported 58 employees.