Institute of Advanced Studies

Analysis

Institute of Advanced Studies is a registered charity in United States, based in Tustin, CA. It received its IRS tax-exemption ruling in August 1990, 36 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 December 2023, Institute of Advanced Studies reported income of $174k and spending of $215k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $458k to $174k (-62%), an average of -22% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute of Advanced Studies sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Oley Valley Youth League Inc ($174k), North River Prevention Partners Inc ($174k) and Society of American Military Engineers ($174k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. At year end it held assets of $57k against liabilities of $84k, net assets of -$27k.