Brookings Institution

Analysis

Brookings Institution is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1940, 86 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 June 2023, Brookings Institution reported income of $89.4m and spending of $98.8m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $103.9m to $89.4m (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brookings Institution 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 98th percentile within DC. Charities of a similar size with the same main cause include Opas Foundation ($88.7m), Pittsburgh Cultural Trust ($89.9m) and Institute for Advanced Study ($88.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $5.7m (5.8% of expenses). Other salaries and wages came to $49.7m. At year end it held assets of $537.6m against liabilities of $64.7m, net assets of $473.0m. It reported 723 employees.