The Institute for Financial Markets

Analysis

The Institute for Financial Markets is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, The Institute for Financial Markets reported income of $527k and spending of $941k, spending 179% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income grew from $407k to $527k (+29%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 176% 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 Institute for Financial Markets sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 44th percentile within DC. Charities of a similar size with the same main cause include Misnomer ($527k), Chicago Public Art Group ($527k) and Maryland Center for the Visual and Performing Arts Inc ($527k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 16% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $297k (32% of expenses). Other salaries and wages came to $166k. At year end it held assets of $6.3m against liabilities of $168k, net assets of $6.2m. 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.