Carnegie Institution of Washington
Also known as Carnegie Science
Carnegie Institution of Washington reported $106.5 million in revenue and $112.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $76.02 went to program services, $21.50 to management and general costs and $2.48 to fundraising. Its largest source of revenue was investment income: 73.2% of the total. Government grants made up 10.5%. The highest compensation it reported for one person was $1,017,256 (CHIEF INVESTMENT OFFICER). 157 people received more than $100,000 in reportable compensation. Revenue rose 44% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $112MFor context, the median across 192 covered science & technology charities: $84.33 programs, $15.67 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $107MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 76.0% | 83.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 21.5% | 15.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.5% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.18 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 14.9% | 51.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 10.5% | 3.2% |
| Program service revenue share Part VIII 2g ÷ 12 | 11.5% | 19.2% |
| Highest reported compensation Part VII-A, columns D–F | $1,017,256 | $513,729 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.91% | 1.72% |
| People paid over $100,000 Part VII, line 2 | 157 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 114.9 | 14.7 |
| Independent voting board members Part VI 1a–1b | 17 of 18 | 94.3% |
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 |
|---|---|---|---|---|
| CHIEF INVESTMENT OFFICER Highest compensated employee, 40.00 hrs/week | $953,591 | $0 | $63,665 | $1,017,256 |
| PRESIDENT (THRU 12/24) Officer, 40.00 hrs/week | $879,169 | $0 | $98,832 | $978,001 |
| INVESTMENT DIRECTOR Highest compensated employee, 40.00 hrs/week | $536,812 | $0 | $88,855 | $625,667 |
| (BEG 10/24); DIV DIR (THRU 10/24) Officer, 41.00 hrs/week | $461,399 | $0 | $75,379 | $536,778 |
| CHIEF FINANCIAL OFFICER (THRU 4/25) Officer, 40.00 hrs/week | $462,441 | $0 | $64,576 | $527,017 |
| DIVISION DIRECTOR Key employee, 40.00 hrs/week | $341,872 | $0 | $98,800 | $440,672 |
| GENERAL COUNSEL & SECRETARY Officer, 40.00 hrs/week | $369,357 | $0 | $66,966 | $436,323 |
| DEPARTMENT DIRECTOR Former, 40.00 hrs/week | $326,209 | $0 | $90,409 | $416,618 |
157 people received more than $100,000 in reportable compensation from Carnegie Institution of Washington (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.5M (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–1b18 · 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 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5488
- Volunteers Part I, line 616
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| CBRE INC Project management | $2,463,983 |
| SMITHGROUP INC Construction design services | $2,008,104 |
| CALIFORNIA INSTITUTE OF TECHNOLOGY Student & technology svcs | $661,363 |
| ORR GROUP Fundraising strategy advice | $346,471 |
| UNIV OF SOUTHERN CA CARNEGIE-PHY DEPT- Student support | $301,667 |
Individuals listed as contractors are left out. 11 contractors were paid more than $100,000 in all.
Private foundation grants it received
12 private foundations reported grants to Carnegie Institution of Washington totaling $3.5M 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 Carnegie Institution of Washington's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Carnegie Institution of Washington, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Carnegie Institution of Washington spent in FY2025, $76.02 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Public Interest RegistryReston, VA · revenue $106M · programs 80.0% · 2024
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All science & technology charities · Largest charities in District of Columbia
Questions people ask
How much of Carnegie Institution of Washington's spending goes to programs?
In the fiscal year ending June 30, 2025, Carnegie Institution of Washington reported that 76.0% of its $112.3 million in expenses went to program services, 21.5% to management and general and 2.5% to fundraising (Form 990, Part IX).
How much does Carnegie Institution of Washington pay its top executive?
The largest total compensation Carnegie Institution of Washington reported for one person in the fiscal year ending June 30, 2025 was $1,017,256, for the role of CHIEF INVESTMENT OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Carnegie Institution of Washington get its money?
Of $106.5 million in revenue in the fiscal year ending June 30, 2025, 14.9% came from contributions and grants (including 10.5% from government grants) and 11.5% from program service revenue (Form 990, Part VIII).
Is Carnegie Institution of Washington a registered charity?
The IRS lists EIN 53-0196523 as a 501(c)(3) organization (school), 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 June 30, 2025, object 202601319349306125 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501349349312655 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431359349308223 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341329349301699 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211339349309666 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131349349305993 · read the filing
All filings for EIN 53-0196523: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.