The James Madison Institute for Public Policy Studies Inc

Analysis

The James Madison Institute for Public Policy Studies Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in August 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, The James Madison Institute for Public Policy Studies Inc reported income of $2.7m and spending of $2.8m, spending 100% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.5m to $2.7m (+81%), an average of +16% a year. The sharpest change came in the year to October 2021, when income rose by 37%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The James Madison Institute for Public Policy Studies Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include YMCA Camp Ralph S Mason Inc ($2.7m), Dwight School Foundation ($2.7m) and Providence Connects ($2.7m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $384k (14% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.2m against liabilities of $934k, net assets of $1.3m. It reported 16 employees.