Institute for Defense and Business

Analysis

Institute for Defense and Business is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover public and societal benefit, 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, Institute for Defense and Business reported income of $5.3m and spending of $5.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $5.3m (+5.7%), an average of +1.4% a year. The sharpest change came in the year to December 2022, when income rose by 39%. 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, Institute for Defense and Business sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Jennings Terrace Inc ($5.3m), Community at Holy Family Manor Inc ($5.3m) and Yale University ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $855k (17% of expenses). Other salaries and wages came to $747k. At year end it held assets of $2.6m against liabilities of $796k, net assets of $1.8m. It reported 27 employees.