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Manhattan Institute for Policy Research
Manhattan Institute for Policy Research reported $25.9 million in revenue and $27.1 million in expenses for calendar year 2025. Of every $100 it spent, $79.43 went to program services, $12.72 to management and general costs and $7.85 to fundraising. Its largest source of revenue was contributions and grants: 96.5% of the total. The highest compensation it reported for one person was $778,981 (PRESIDENT). 52 people received more than $100,000 in reportable compensation. Revenue rose 40% between FY2020 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $27MFor context, the median across 185 covered public & societal benefit charities: $88.81 programs, $11.18 management, $0.01 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $26MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 79.4% | 84.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.7% | 10.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 7.8% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.09 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 96.5% | 83.8% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.4% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $778,981 | $357,133 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.87% | 1.52% |
| People paid over $100,000 Part VII, line 2 | 52 | 12 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 14.8 | 10.5 |
| Independent voting board members Part VI 1a–1b | 25 of 26 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseResearch, other, and publications - this program's objective is to support and publish the work of mi scholars who are not part of another policy center. It also coordinates the work of staff and scholars in the other substantive policy centers
City journal - quarterly magazine devoted to identifying practical solutions to social and economic problems in the inner cities; approximately 7,500 distributed copies per quarter
Conferences and seminars - the seminars & conferences program hosts public, educational forums and lectures on topics related to the institute's policy research areas
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 40.00 hrs/week | $737,187 | $0 | $41,794 | $778,981 |
| SENIOR FELLOW Highest compensated employee, 40.00 hrs/week | $370,400 | $0 | $11,038 | $381,438 |
| EXECUTIVE VICE PRESIDENT Officer, 40.00 hrs/week | $342,143 | $0 | $14,471 | $356,614 |
| EDITOR, CITY JOURNAL Officer, 40.00 hrs/week | $310,799 | $0 | $41,614 | $352,413 |
| SENIOR FELLOW Highest compensated employee, 40.00 hrs/week | $313,051 | $0 | $24,165 | $337,216 |
| THOMAS W SMITH FELLOW Highest compensated employee, 40.00 hrs/week | $279,723 | $0 | $19,210 | $298,933 |
| VP, ADMIN / GENERAL COUNSEL Officer, 40.00 hrs/week | $261,697 | $0 | $29,761 | $291,458 |
| VP, DEVELOPMENT Officer, 40.00 hrs/week | $247,095 | $0 | $38,212 | $285,307 |
52 people received more than $100,000 in reportable compensation from Manhattan Institute for Policy Research (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.8M (Part IX, line 5).
7 filings since FY2020
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b26 · 25 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5136
- Volunteers Part I, line 671
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses only| UNCOMMON SENSE GROUP Marketing | $437,628 |
| AUGUST STRATEGY GROUP Lobbying | $345,000 |
| CBIZ Accounting services | $291,817 |
| MERIDIAN PRINTINGCOM Publication printing | $251,641 |
Individuals listed as contractors are left out. 16 contractors were paid more than $100,000 in all.
Private foundation grants it received
61 private foundations reported grants to Manhattan Institute for Policy Research totaling $7.0M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Manhattan Institute for Policy Research's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Manhattan Institute for Policy Research, you can publish a response that is linked from this page.
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Of every $100 Manhattan Institute for Policy Research spent in 2025, $79.43 went to programs. The full breakdown, from its IRS Form 990:
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All public & societal benefit charities · Largest charities in New York
Questions people ask
How much of Manhattan Institute for Policy Research's spending goes to programs?
In calendar year 2025, Manhattan Institute for Policy Research reported that 79.4% of its $27.1 million in expenses went to program services, 12.7% to management and general and 7.8% to fundraising (Form 990, Part IX).
How much does Manhattan Institute for Policy Research pay its top executive?
The largest total compensation Manhattan Institute for Policy Research reported for one person in calendar year 2025 was $778,981, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Manhattan Institute for Policy Research get its money?
Of $25.9 million in revenue in calendar year 2025, 96.5% came from contributions and grants and 0.4% from program service revenue (Form 990, Part VIII).
Is Manhattan Institute for Policy Research a registered charity?
The IRS lists EIN 13-2912529 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202621889349301732 · read the filing · XML
- FY2024 (3 mo.): Form 990 for the 3-month short period ending December 31, 2024, object 202522119349300517 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202541679349301564 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202421789349300307 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202301749349300805 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202241869349301604 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202112049349300321 · read the filing
All filings for EIN 13-2912529: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.