Independent Institute

Analysis

Independent Institute is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in May 1986, 40 years ago. 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 June 2024, Independent Institute reported income of $9.0m and spending of $5.3m, leaving 41% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.2m to $9.0m (+116%), an average of +17% a year. The sharpest change came in the year to June 2024, when income rose by 122%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independent Institute sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Child and Family Services of Newport County ($9.0m), Kentucky Pharmacy Education and Research Foundation Inc ($9.0m) and Cota Childrens Organ Transplant Association Inc ($9.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $442k (8.3% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $12.7m against liabilities of $838k, net assets of $11.8m. It reported 25 employees.