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In-Q-Tel
In-Q-Tel reported $132.1 million in revenue and $134.1 million in expenses for the fiscal year ending March 31, 2025. Of every $100 it spent, $78.06 went to program services, $21.94 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 86.5% of the total. Government grants made up 86.5%. The highest compensation it reported for one person was $3,956,844 (PRESIDENT/CEO & TRUSTEE). 176 people received more than $100,000 in reportable compensation. Revenue fell 1% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending March 31, 2025 · Form 990, Part IX, line 25 · total expenses $134MFor context, the median across 469 covered international, foreign affairs & national security charities: $89.04 programs, $8.28 management, $2.68 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending March 31, 2025 · Form 990, Part VIII · total revenue $132MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.1% | 86.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 21.9% | 8.0% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 2.6% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 86.5% | 96.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 86.5% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 1.6% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $3,956,844 | $341,362 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.95% | 1.06% |
| People paid over $100,000 Part VII, line 2 | 176 | 10 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 78.8 | 7.5 |
| Independent voting board members Part VI 1a–1b | 9 of 11 | 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
FY2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2025 · 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/CEO & TRUSTEE Director/trustee, officer, 40.00 hrs/week | $2,436,535 | $0 | $1,520,309 | $3,956,844 |
| EVP, CHIEF OPERATING OFFICER Officer, 40.00 hrs/week | $1,170,398 | $0 | $448,485 | $1,618,883 |
| EVP, INVESTMENTS Officer, 40.00 hrs/week | $1,177,013 | $0 | $155,139 | $1,332,152 |
| EVP, GENERAL COUNSEL Officer, 40.00 hrs/week | $852,809 | $0 | $152,975 | $1,005,784 |
| MNG PTNR, CALIFORNIA Highest compensated employee, 40.00 hrs/week | $804,106 | $0 | $181,265 | $985,371 |
| CHIEF PEOPLE OFFICER Highest compensated employee, 40.00 hrs/week | $764,026 | $0 | $191,833 | $955,859 |
| EVP, CAPABILITIES Officer, 40.00 hrs/week | $789,043 | $0 | $145,564 | $934,607 |
| EVP, INTERNATIONAL Officer, 40.00 hrs/week | $774,358 | $0 | $142,737 | $917,095 |
176 people received more than $100,000 in reportable compensation from In-Q-Tel (Part VII, line 2). Compensation of current officers, directors and key employees totaled $10M (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
FY2025 · 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–1b11 · 9 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 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5206
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| WORKERA CORP Technology development | $1,343,539 |
| ARLINGTON CONSULTANTS GROUP LLC Consulting services | $1,009,414 |
| ASTRANIS SPACE TECHNOLOGIES CORP Technology development | $1,000,000 |
| PURELIFI Technology development | $874,999 |
| NEXT SILICON LTD Technology development | $874,999 |
Individuals listed as contractors are left out. 197 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from In-Q-Tel's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for In-Q-Tel, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 In-Q-Tel spent in FY2025, $78.06 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of In-Q-Tel's spending goes to programs?
In the fiscal year ending March 31, 2025, In-Q-Tel reported that 78.1% of its $134.1 million in expenses went to program services, 21.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does In-Q-Tel pay its top executive?
The largest total compensation In-Q-Tel reported for one person in the fiscal year ending March 31, 2025 was $3,956,844, for the role of PRESIDENT/CEO & TRUSTEE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does In-Q-Tel get its money?
Of $132.1 million in revenue in the fiscal year ending March 31, 2025, 86.5% came from contributions and grants (including 86.5% from government grants) and 1.6% from program service revenue (Form 990, Part VIII).
Is In-Q-Tel a registered charity?
The IRS lists EIN 52-2149962 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
- FY2025: Form 990 for the fiscal year ending March 31, 2025, object 202640409349301034 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending March 31, 2024, object 202510369349301901 · read the filing
- FY2023: Form 990 for the fiscal year ending March 31, 2023, object 202440459349302179 · read the filing
- FY2022: Form 990 for the fiscal year ending March 31, 2022, object 202330459349300808 · read the filing
- FY2021: Form 990 for the fiscal year ending March 31, 2021, object 202240459349302104 · read the filing
- FY2020: Form 990 for the fiscal year ending March 31, 2020, object 202100419349300045 · read the filing
All filings for EIN 52-2149962: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.