Institute for Political Economy

Analysis

Institute for Political Economy is a registered charity in United States, based in Crawfordville, FL. It received its IRS tax-exemption ruling in February 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Institute for Political Economy reported income of $156k and spending of $280k, spending 179% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $293k to $156k (-47%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 103%. Over the whole period it spent 128% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Institute for Political Economy sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Turkish Islamic Cultural Center of Queens Inc ($156k), Kohanaiki Ohana ($156k) and East Coast Contemporary Ballet Company ($156k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Other salaries and wages came to $226k. At year end it held assets of $4.3m against liabilities of $0, net assets of $4.3m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.