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X Prize Foundation
X Prize Foundation reported $47.5 million in revenue and $49.1 million in expenses for calendar year 2024. Of every $100 it spent, $76.37 went to program services, $9.81 to management and general costs and $13.82 to fundraising. Its largest source of revenue was contributions and grants: 86.7% of the total. The highest compensation it reported for one person was $1,053,620 (CHIEF EXECUTIVE OFFICER). 76 people received more than $100,000 in reportable compensation. Revenue rose 159% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $49MFor 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 2024 · Form 990, Part VIII · total revenue $48MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 76.4% | 84.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.8% | 10.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 13.8% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.16 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 86.7% | 83.8% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $1,053,620 | $357,133 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.14% | 1.52% |
| People paid over $100,000 Part VII, line 2 | 76 | 12 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 7.4 | 10.5 |
| Independent voting board members Part VI 1a–1b | 17 of 17 | 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
2024 · Form 990, Part III · the three largest programs by expenseX Prize Foundation, inc. ("x prize") is a not-for-profit 501(c)(3) delaware corporation fostering and sponsoring competition to create innovative breakthroughs for the benefit of humanity. The foundation conducts competitions in seven prize groups: learning and society, climate and energy, food water waste, health, deep tech and quantum, space and exploration, biodiversity and conservation. The foundation provides and operates education and outreach programs related to its mission. These activities consist of speeches, visual presentations and educational materials in partnership with key…
Highest reported compensation
2024 · 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 |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 40.00 hrs/week | $1,017,714 | $0 | $35,906 | $1,053,620 |
| CHIEF ADVANCEMENT OFFICER Key employee, 40.00 hrs/week | $389,359 | $0 | $46,254 | $435,613 |
| CHIEF TECHNOLOGY OFFICER Key employee, 40.00 hrs/week | $370,159 | $0 | $32,361 | $402,520 |
| CHIEF IMPACT OFFICER Key employee, 40.00 hrs/week | $323,946 | $0 | $23,270 | $347,216 |
| CHIEF PEOPLE OFFICER Key employee, 40.00 hrs/week | $314,878 | $0 | $20,361 | $335,239 |
| EVP, HEALTH Highest compensated employee, 40.00 hrs/week | $281,482 | $0 | $40,443 | $321,925 |
| EVP, BIODIVERSITY AND CONSERVATION Highest compensated employee, 40.00 hrs/week | $300,158 | $0 | $16,391 | $316,549 |
| GENERAL COUNSEL Key employee, 40.00 hrs/week | $283,709 | $0 | $18,791 | $302,500 |
76 people received more than $100,000 in reportable compensation from X Prize Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.7M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · 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–1b17 · 17 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 2Yes
- 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 4No
- 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 5122
- Volunteers Part I, line 617
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| JJLA Events | $612,763 |
| TPR ENTERPRISES LLC Testing validation | $533,520 |
| VOX MEDIA LLC Production services | $255,000 |
| DALRADIA LLC Consulting | $165,000 |
| TEMPERATE STRATEGIES Consulting | $162,871 |
Individuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.
Private foundation grants it received
7 private foundations reported grants to X Prize Foundation totaling $60M 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 X Prize Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for X Prize Foundation, you can publish a response that is linked from this page.
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Of every $100 X Prize Foundation spent in 2024, $76.37 went to programs. The full breakdown, from its IRS Form 990:
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All public & societal benefit charities · Largest charities in California
Questions people ask
How much of X Prize Foundation's spending goes to programs?
In calendar year 2024, X Prize Foundation reported that 76.4% of its $49.1 million in expenses went to program services, 9.8% to management and general and 13.8% to fundraising (Form 990, Part IX).
How much does X Prize Foundation pay its top executive?
The largest total compensation X Prize Foundation reported for one person in calendar year 2024 was $1,053,620, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does X Prize Foundation get its money?
Of $47.5 million in revenue in calendar year 2024, 86.7% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is X Prize Foundation a registered charity?
The IRS lists EIN 52-1876879 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. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543219349322039 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423139349302977 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323199349328517 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223199349330172 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123199349331027 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023219349321482 · read the filing
All filings for EIN 52-1876879: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.