Andeco Institute

Analysis

Andeco Institute is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in September 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Andeco Institute reported income of $59.1m and spending of $59.0m, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $9.9m to $59.1m (+495%), an average of +144% a year. The sharpest change came in the year to December 2022, when income rose by 310%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Andeco Institute sits at the 99th 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 99th percentile within VA. Charities of a similar size with the same main cause include Tabitha Inc ($59.0m), Consortium for Graduate Study in Management ($59.2m) and Tampa Bay Performing Arts Center ($58.9m).

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 $1.2m (2.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $3.9m against liabilities of $3.8m, net assets of $9,448. It reported 21 employees.