American Enterprise Institute for Public Policy Research
1789 Massachusetts Ave NW, Washington, DC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $75,372,309 | $73,523,238 | $365,259,596 |
| FY2024 | $67,952,475 | $71,020,416 | $348,020,320 |
| FY2023 | $53,808,205 | $66,819,074 | $340,988,505 |
| FY2022 | $69,385,964 | $60,624,542 | $340,145,522 |
| FY2021 | $80,742,317 | $51,057,669 | $381,885,965 |
| FY2020 | $48,035,784 | $51,698,842 | $303,043,149 |
| FY2019 | $51,439,296 | $57,228,170 | $316,035,735 |
| FY2018 | $61,713,630 | $50,853,733 | $320,678,179 |
| FY2017 | $75,066,910 | $55,822,303 | $304,389,542 |
| FY2016 | $60,020,287 | $46,953,435 | $266,576,122 |
| FY2015 | $84,616,388 | $38,611,315 | $266,104,834 |
| FY2014 | $64,011,505 | $35,435,906 | $222,403,155 |
| FY2013 | $45,780,708 | $31,797,938 | $177,820,432 |
| FY2012 | $38,831,796 | $32,235,853 | $150,553,387 |
Form 990 filings
The returns filed by American Enterprise Institute for Public Policy Research (EIN 53-0218495), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $61,092,201 | 81% |
| Program service revenue | $2,088,391 | 3% |
| Other revenue | $12,191,717 | 16% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $57,703,523 | 78% |
| Management & general | $8,535,366 | 12% |
| Fundraising | $7,284,349 | 10% |
What the numbers show
- Contributions & grants made up 81% of total revenue in FY2025.
- Program services accounted for 78% of functional expenses, management & general 12%, and fundraising 10%.
- 78% of functional expenses went to program services in FY2025. That is higher than 38.8% of 49 Social Science organizations nationwide (too few in DC for a state comparison).
- Net assets covered about 59.6 months of expenses at the end of the reporting year. That puts it in the 90th percentile among 67 Social Science organizations in DC.
- Total revenue was higher than 95.5% of 67 Social Science organizations in DC.
- Total revenue rose from $38,831,796 in FY2012 to $75,372,309 in FY2025. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2019, FY2020, FY2023, FY2024).
- The highest revenue on record here is $84,616,388 in FY2015.
- Net assets grew from $150,553,387 to $365,259,596 between FY2012 and FY2025.
- Contributions and grants made up 94% of revenue in FY2012 and 81% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE AMERICAN ENTERPRISE INSTITUTE IS A COMMUNITY OF SCHOLARS AND SUPPORTERS COMMITTED TO EXPANDING LIBERTY, INCREASING INDIVIDUAL OPPORTUNITY, AND STRENGTHENING FREE ENTERPRISE. AEI PURSUES THESE IDEALS THROUGH INDEPENDENT THINKING AND THE HIGHEST STANDARDS OF RESEARCH AND EXPOSITION.
IRS status
| Ruling year | 1944 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | V050 — Social Science |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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