Rand Corporation

Analysis

Rand Corporation is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in April 1950, 76 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 September 2023, Rand Corporation reported income of $467.2m and spending of $413.0m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $399.1m to $467.2m (+17%), an average of +4.0% a year. The sharpest change came in the year to September 2023, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rand Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Worcester Polytechnic Institute ($462.7m), Bar Ilan University in Israel ($478.5m) and St Clair Health Corporation ($456.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $3.5m (0.9% of expenses). Other salaries and wages came to $196.5m. At year end it held assets of $703.7m against liabilities of $238.2m, net assets of $465.5m. It reported 2,296 employees.