American Enterprise Institute for Public Policy Research
American Enterprise Institute for Public Policy Research reported $75.4 million in revenue and $73.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $78.48 went to program services, $11.61 to management and general costs and $9.91 to fundraising. Its largest source of revenue was contributions and grants: 81.1% of the total. The highest compensation it reported for one person was $1,315,372 (PRESIDENT). 100 people received more than $100,000 in reportable compensation. Revenue rose 57% 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 $74MFor context, the median across 54 covered social science charities: $84.80 programs, $13.80 management, $1.40 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 $75MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.5% | 81.3% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.6% | 13.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 9.9% | 1.3% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.12 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 81.1% | 81.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 2.8% | 4.4% |
| Highest reported compensation Part VII-A, columns D–F | $1,315,372 | $467,896 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.79% | 2.13% |
| People paid over $100,000 Part VII, line 2 | 100 | 19 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 59.6 | 16.5 |
| Independent voting board members Part VI 1a–1b | 28 of 29 | 96.5% |
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 expenseDomestic policy studies: aei's domestic policy studies scholars explore a broad range of topics including k-12 and higher education reform, citizenship, ethics, judiciary issues, executive and legislative politics, polls and elections, federalism, poverty, civil rights, crime, and other public policy issues. Aei's scholars are thought leaders in their fields and convene conferences, in-person and online events, and public and private seminars. In addition to its many events and seminars, aei promotes its research and ideas through print and digital publications, blog posts and social media…
Foreign and defense policy studies: aei's foreign and defense policy studies scholars seek to understand how american interests and political and economic freedom can be protected and advanced around the world. The program's research areas include U.S. National security and defense, terrorism, international sovereignty, and U.S. Policy in the middle east, asia, russia, and numerous other areas. Aei's scholars focus on current policy issues as well as those further over the horizon. In the process, they educate policymakers, business leaders, academics, journalists, students, and all…
Social, cultural, and constitutional studies: aei's social cultural and constitutional studies scholars explore issues related to three research areas: 1.) legal and constitutional topics 2. Politics and public opinion, and 3. Society and culture. Topics studied by legal and constitutional scholars include congress, the US presidency, the courts (including the supreme court of the united states), the administrative state, and the US constitution. Politics and public opinion scholars focus on polling, elections, and political theory. Society and culture scholars study and comment on liberal…
Highest 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 Director/trustee, officer, 40.00 hrs/week | $1,213,768 | $0 | $101,604 | $1,315,372 |
| EXECUTIVE VICE PRESIDENT Officer, 40.00 hrs/week | $503,636 | $0 | $41,400 | $545,036 |
| DIRECTOR, ECONOMIC POLICY Key employee, 40.00 hrs/week | $411,260 | $0 | $41,400 | $452,660 |
| DIRECTOR, SCCS Key employee, 40.00 hrs/week | $392,483 | $0 | $41,400 | $433,883 |
| DIRECTOR, FDP Key employee, 40.00 hrs/week | $369,027 | $0 | $41,400 | $410,427 |
| SENIOR FELLOW Highest compensated employee, 40.00 hrs/week | $312,336 | $0 | $37,971 | $350,307 |
| DIRECTOR, DOMESTIC POLICY Key employee, 40.00 hrs/week | $308,863 | $0 | $37,860 | $346,723 |
| PRESIDENT, EXTERNAL RELATI Key employee, 40.00 hrs/week | $288,960 | $0 | $35,700 | $324,660 |
100 people received more than $100,000 in reportable compensation from American Enterprise Institute for Public Policy Research (Part VII, line 2). Compensation of current officers, directors and key employees totaled $4.9M (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–1b29 · 28 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 5372
- Volunteers Part I, line 631
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| HARBINGER LLC Conference expenses | $1,599,325 |
| SEA ISLAND AQUISITION LLC Conference expenses | $1,424,543 |
| IPSOS PUBLIC AFFAIRS LLC Research consulting | $567,500 |
| HALL CAPITAL PARTNERS LLC Investment advisory and fund management | $540,756 |
| ST REGIS ASPEN RESORT Conference expenses | $497,747 |
Individuals listed as contractors are left out. 17 contractors were paid more than $100,000 in all.
Private foundation grants it received
43 private foundations reported grants to American Enterprise Institute for Public Policy Research totaling $8.0M 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 American Enterprise Institute for Public 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 American Enterprise Institute for Public Policy Research, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 American Enterprise Institute for Public Policy Research spent in FY2025, $78.48 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Human Resources Research OrganizationAlexandria, VA · revenue $70M · programs 81.3% · FY2025
- Alzheimer's Drug Discovery FoundationNew York, NY · revenue $82M · programs 84.0% · 2025
- Buck Institute for Research on AgingNovato, CA · revenue $57M · programs 75.1% · FY2025
- The Brookings InstitutionWashington, DC · revenue $116M · programs 83.0% · FY2025
- Civil-Military Innovation InstituteMorgantown, WV · revenue $55M · programs 77.8% · FY2025
All social science charities · Largest charities in District of Columbia
Questions people ask
How much of American Enterprise Institute for Public Policy Research's spending goes to programs?
In the fiscal year ending June 30, 2025, American Enterprise Institute for Public Policy Research reported that 78.5% of its $73.5 million in expenses went to program services, 11.6% to management and general and 9.9% to fundraising (Form 990, Part IX).
How much does American Enterprise Institute for Public Policy Research pay its top executive?
The largest total compensation American Enterprise Institute for Public Policy Research reported for one person in the fiscal year ending June 30, 2025 was $1,315,372, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does American Enterprise Institute for Public Policy Research get its money?
Of $75.4 million in revenue in the fiscal year ending June 30, 2025, 81.1% came from contributions and grants and 2.8% from program service revenue (Form 990, Part VIII).
Is American Enterprise Institute for Public Policy Research a registered charity?
The IRS lists EIN 53-0218495 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 June 30, 2025, object 202620779349300942 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202540779349300224 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202430729349300218 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202330729349301213 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202230689349300728 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202110629349300306 · read the filing
All filings for EIN 53-0218495: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.