Potomac Institute for Policy Studies

Analysis

Potomac Institute for Policy Studies is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Potomac Institute for Policy Studies reported income of $11.7m and spending of $12.7m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.1m to $11.7m (-4.0%), an average of -1.0% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Potomac Institute for Policy Studies sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include National Employment Law Project ($11.7m), Eye Bank for Sight Restoration Inc ($11.7m) and New Braunfels Christian Academy Inc ($11.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $533k (4.2% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $19.9m against liabilities of $16.1m, net assets of $3.7m. It reported 49 employees.