Institute For Advanced Study
Only 53% goes to programs $3 to raise $100 Strong reserves Growing revenue
Institute For Advanced Study is a 501(c)(3) organization based in Princeton, New Jersey, registered in 1931, with $69,486,055 in FY2023 revenue. CharityIndex grades it B, and it directs about 53% of spending to programs.
1 Einstein Dr, Princeton, NJ, 08540 EIN 21-0634988 Since 1931
Revenue (FY2023)
$69.5M
▼ 21.4% vs prior year
Science & Tech median: $288K
Expenses (FY2023)
$78.3M
Net assets
$1.2B
Employees
568
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
CProgram efficiency40% of the rating53% to programs · $3 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Institute For Advanced Study: 53% to programs · $3 to raise $100 earns a C on this criterion. See the exact thresholds →
C+Financial health25% of the rating191 mo reserves · -13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Institute For Advanced Study: 191 mo reserves · -13% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Institute For Advanced Study: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Institute For Advanced Study: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Leading center for theoretical research and discovery. see schedule o.
Contact & location
- Address
- 1 Einstein Dr, Princeton, NJ, 08540
- City
- Princeton
- State
- New Jersey
- Category
- Science & Technology
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $43.1M (FY2013) to $69.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $140.6MNet assets $1.2B
Operating margin
-12.7%
Spent more than it raised in the latest fiscal year.
Total assets
$1.4B
Total liabilities
$140.6M
Net assets
$1.2B
Salaries & benefits
$31.6M
40% of expenses
Board members
25
24 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $69,486,055▼21.4% | $78,326,678▲3.7% | $1,245,907,653▲5.5% | $1,386,516,593▲4.8% | 990 |
| 2022 | $88,395,697▼30.6% | $75,495,626▲7.7% | $1,181,147,769▲1.2% | $1,323,473,928▲2.4% | 990 |
| 2021 | $127,450,651▲120% | $70,114,395▲5.8% | $1,167,617,116▼0.1% | $1,292,353,306▼0.6% | 990 |
| 2020 | $57,811,778▲28.7% | $66,260,782▼14.6% | $1,168,879,529▲40.9% | $1,299,707,272▲34.7% | 990 |
| 2019 | $44,919,156▼0.1% | $77,631,369▲2.3% | $829,363,670▲0.7% | $964,874,966▲1.2% | 990 |
| 2018 | $44,977,108▼26.6% | $75,879,335▲5.8% | $823,637,880▼1.3% | $953,508,441▼1.7% | 990 |
| 2017 | $61,282,542▲127% | $71,733,617▲6.8% | $834,283,221▲5.4% | $970,382,453▲6.9% | 990 |
| 2016 | $27,044,852▼63.0% | $67,148,396▼5.3% | $791,905,999▲1.5% | $907,613,201▲0.8% | 990 |
| 2015 | $73,127,614▲2.0% | $70,921,876▲7.9% | $780,481,311▼2.7% | $900,733,882▲0.1% | 990 |
| 2014 | $71,698,528▲66.5% | $65,757,911▼2.9% | $802,429,246▲5.6% | $899,631,120▲4.8% | 990 |
| 2013 | $43,066,321 | $67,695,740▲9.9% | $759,896,128▲9.5% | $858,110,199▲8.0% | 990 |
| 2012 | — | $61,593,318▲4.2% | $693,951,566▲6.0% | $794,384,633▲6.5% | 990 |
| 2011 | — | $59,093,993▲3.3% | $654,397,373▲9.5% | $745,922,517▲8.1% | 990 |
| 2010 | — | $57,223,078▼7.3% | $597,644,564▲8.0% | $690,267,969▲5.2% | 990 |
| 2009 | — | $61,756,602 | $553,173,453 | $656,458,901 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: David Nirenberg — $867,332 (1.11% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Nirenberg | Director/trustee | 40 | $867,332 |
| Jeffrey Gatto | Chief Investment Officer | 40 | $691,347 |
| Alexandra Day | Associate Director | 40 | $548,781 |
| Nathan Seiberg | Natural Science Faculty | 40 | $475,736 |
| Janine Purcaro | Associate Director For Finance | 40 | $472,297 |
| Adam Solan | Investment Officer | 40 | $458,210 |
| Matias Zaldarriaga | Natural Science Faculty | 40 | $453,023 |
| Nima Arkani-hamed | Natural Science Faculty | 40 | $447,915 |
| Ann-kristin Achleitner | Trustee | 1 | — |
| Bernard Harcourt | Trustee (thru 06/2024) | 1 | — |
| Carl P Feinberg | Trustee (thru 05/2024) | 1 | — |
| Charles Simonyi | Chair Emeritus/trustee | 2 | — |
| Christopher Cole | Trustee | 2 | — |
| Darvd F Marquardt | Trustee | 1 | — |
| David M Rubenstein | Trustee | 1 | — |
| Eva Marder | Trustee | 1 | — |
| Fred Hu | Trustee | 1 | — |
| Gigliola Staffilani | Trustee | 1 | — |
| Jeanette Lerman-neubauer | Trustee | 2 | — |
| John Overdeck | Chairman | 10 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Redaptive Sustainability Services LLC | Geo-thermal Consultant | $1,819,594 |
| Vj Scozzari & Sons Inc | General Contractor | $1,697,408 |
| Albourne America LLC | Investment Consultant | $522,501 |
| Kimmel Bogrette | Architect/engineer | $450,500 |
| Grant Thornton | Accounting Services | $210,172 |
Grants received · $87.4M total
120 grants to Institute For Advanced Study totaling $87.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $16,012,500 |
| American Endowment Foundation | Science | 2024 | $3,050,000 |
| Donors Trust Inc | For general operations | 2024 | $300,000 |
| Ayco Charitable Foundation | Education | 2024 | $50,500 |
| American Online Giving Foundation Inc | General support | 2024 | $32,350 |
| Charities Aid Foundation America | Charitable donation | 2024 | $17,107 |
| Community Foundation of New Jersey | General | 2024 | $5,800 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $11,093,500 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $4,000,000 |
| American Endowment Foundation | Science | 2023 | $3,040,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $1,095,450 |
| Donors Trust Inc | For general operations | 2023 | $300,000 |
| The Mark Foundation For Cancer Research Us Ltd | Research | 2023 | $136,635 |
| National Philanthropic Tr | Education | 2023 | $103,500 |
Grants made · $100K in FY2023
1 grant totaling $100K in FY2023. All grants made by Institute For Advanced Study →
| Recipient | Purpose | Amount |
|---|---|---|
| Princeton Public Schools | General support | $100,000 |
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Frequently asked questions
- Is Institute For Advanced Study a legitimate nonprofit?
- Yes. Institute For Advanced Study is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 21-0634988, based in Princeton, New Jersey. Donations are tax-deductible.
- What is Institute For Advanced Study's EIN?
- Institute For Advanced Study's Employer Identification Number (EIN) is 21-0634988.
- How much revenue does Institute For Advanced Study report?
- Institute For Advanced Study reported $69,486,055 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Institute For Advanced Study's spending goes to programs?
- Institute For Advanced Study spends about 53% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Institute For Advanced Study have?
- CharityIndex grades Institute For Advanced Study B, based on program efficiency and fundraising cost.
- How much does Institute For Advanced Study's highest-paid employee make?
- The highest reported compensation on Institute For Advanced Study's latest Form 990 is $867,332, paid to David Nirenberg (Director/trustee).
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Explore more
Data for Institute For Advanced Study (EIN 21-0634988) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.