Carnegie Institution of Washington

Analysis

Carnegie Institution of Washington is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1914, 112 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Carnegie Institution of Washington reported income of $129.1m and spending of $110.7m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $137.8m to $129.1m (-6.3%), an average of -1.6% a year. The sharpest change came in the year to June 2021, when income rose by 73%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carnegie Institution of Washington sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within DC. Charities of a similar size with the same main cause include Epoch Times Association Inc ($128.0m), American Psychological Association ($133.0m) and Colonial Williamsburg Foundation ($125.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $4.6m (4.2% of expenses). Other salaries and wages came to $44.5m. At year end it held assets of $1.31bn against liabilities of $232.3m, net assets of $1.07bn. It reported 539 employees.