Institute for Political Innovation

Analysis

Institute for Political Innovation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2021, 5 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 December 2023, Institute for Political Innovation reported income of $2.0m and spending of $2.3m, spending 117% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $4.2m to $2.0m (-52%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Institute for Political Innovation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Scottsdale Artists School Inc ($2.0m), Community Media Access Collaborative ($2.0m) and Zamir Choral Foundation Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $131k. At year end it held assets of $1.3m against liabilities of $289k, net assets of $963k.