National Endowment For Democracy is a 501(c)(3) organization based in Washington, District of Columbia, registered in 1985, with $356,168,378 in FY2023 revenue. CharityIndex grades it B, and it directs about 90% of spending to programs.
Revenue (FY2023)
$356.2M
▼ 1.9% vs prior year
Public Benefit median: $140K
Expenses (FY2023)
$355.5M
Net assets
$7.1M
Employees
336
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 National Endowment For Democracy: 90% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
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 National Endowment For Democracy: 0 mo reserves · +0% margin earns a C on this criterion. See the exact thresholds →
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 National Endowment For Democracy: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 National Endowment For Democracy: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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See schedule o
Democratic governance and political parties - the endowment seeks to promote strong stable political parties committed to the democratic process.
Pluralism - the endowment encourages the development of strong independent private sector institutions such as trade unions, business associations, civic and women's organizations.
Revenue grew from $155.5M (FY2013) to $356.2M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
0.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$106.5M
Total liabilities
$99.4M
Net assets
$7.1M
Salaries & benefits
$40.7M
11% of expenses
Board members
29
29 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $356,168,378▼1.9% | $355,484,414▼2.1% | $7,062,931▲17.6% | $106,498,091▼15.5% | 990 |
| 2022 | $363,001,576▲12.7% | $363,214,993▲12.5% | $6,007,903▼1.4% | $126,077,130▲17.4% | 990 |
| 2021 | $322,186,225▲27.0% | $322,805,657▲27.9% | $6,094,119▼13.4% | $107,359,443▼9.2% | 990 |
| 2020 | $253,595,252▲175% | $252,429,966▲178% | $7,041,091▲24.2% | $118,250,668▼7.9% | 990 |
| 2019 | $92,352,440▼53.2% | $90,813,356▼53.9% | $5,670,481▲41.1% | $128,355,467▼10.5% | 990 |
| 2018 | $197,425,890▲4.6% | $196,835,030▲4.4% | $4,019,108▲18.2% | $143,341,427▲11.0% | 990 |
| 2017 | $188,655,163▲1.0% | $188,593,811▲1.1% | $3,399,770▲3.1% | $129,090,220▲1.5% | 990 |
| 2016 | $186,808,691▲3.1% | $186,489,661▲2.8% | $3,298,872▲13.6% | $127,190,134▲3.4% | 990 |
| 2015 | $181,272,850▲17.0% | $181,421,403▲17.5% | $2,903,524▼2.7% | $123,023,928▲17.7% | 990 |
| 2014 | $154,936,966▼0.4% | $154,384,179▼0.1% | $2,984,996▲20.9% | $104,540,179▼0.9% | 990 |
| 2013 | $155,498,324 | $154,590,867▲13.7% | $2,468,133▲64.9% | $105,454,184▲17.2% | 990 |
| 2012 | — | $136,013,198▼4.0% | $1,496,849▼31.0% | $89,951,362▼10.0% | 990 |
| 2011 | — | $141,750,182▲4.6% | $2,169,018▲2.0% | $99,899,490▲3.3% | 990 |
| 2010 | — | $135,573,731▼0.9% | $2,127,506▲8.4% | $96,696,019▼10.6% | 990 |
| 2009 | — | $136,760,415 | $1,963,353 | $108,149,741 | 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.
Highest-paid: Mr Damon Wilson — $395,874 (0.11% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mr Damon Wilson | President & Ceo | 40 | $395,874 |
| Mr Brian Joseph | Vp, Programs | 40 | $246,909 |
| Mr Maju Varghese | Chief Operating Officer (thru 10/23) | 40 | $239,366 |
| Ms Nancy Herzog | Vp, Grant Operations and Eval. | 40 | $236,136 |
| Mr Christopher T Walker | Vp, Studies and Analysis | 40 | $235,293 |
| Ms Kirsten Madison | Vp, Government Relations | 40 | $228,106 |
| Mr William Dobson | Co-editor | 40 | $213,873 |
| Ms Rebecca Varghese | Chief Financial Officer | 40 | $162,579 |
| Ambassador Daniel Fried | Director | 1 | — |
| Ambassador Jendayi Frazer | Secretary/vice Chair | 2.5 | — |
| Ambassador Kelley E Currie | Director | 1 | — |
| Ambassador Liliana Ayalde | Director | 1 | — |
| Ambassador Victoria Nuland | Director (as of 09/2024) | 1 | — |
| Dr Alyssa Ayres | Director (as of 01/2024) | 1 | — |
| Dr Minxin Pei | Director | 1 | — |
| Dr Nadia Schadlow | Director | 1 | — |
| Dr Rachel Kleinfeld | Director | 1 | — |
| Dr Scott D Taylor | Director | 1 | — |
| Dr Victor Cha Phd | Director | 1 | — |
| Marlene Colucci Esq | Treasurer | 2.5 | — |
| Contractor | Services | Paid |
|---|---|---|
| Rei Systemsinc | It Data Center Bus. Continuity Services | $2,006,297 |
| M3com of Virginia Inc | It Data Center Bus. Continuity Services | $547,075 |
| Dragonfly Africa Tours Ltd | Event Coordination | $399,918 |
| Hunton Andrews Kurth LLP | Legal Services | $203,412 |
| Adp LLC | Hr - Payroll Services | $177,912 |
10 grants to National Endowment For Democracy totaling $1.2M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $251,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $155,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2022 | $351,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $25,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2021 | $125,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $25,750 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $25,750 |
| Donor Advised Charitable Giving | Public, societal benefit | 2018 | $100,000 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2017 | $100,000 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2016 | $10,000 |
78 grants totaling $150.3M in FY2023 — showing the 15 largest. All grants made by National Endowment For Democracy →
| Recipient | Purpose | Amount |
|---|---|---|
| International Republican Institute | Democratic governance & political parties | $35,410,575 |
| American Center For International Labor Solidarity | Pluralism | $34,259,215 |
| Center For International Private Enterprise Inc | Pluralism | $33,392,527 |
| National Democratic Institute For International Affairs | Democratic governance & political parties | $32,831,250 |
| China Digital Times Inc | Education, communication, & culture | $1,247,154 |
| Eye Media Group LLC | Education, communication, & culture | $770,000 |
| Directorio Democratico Cubano Inc | Education, communication, & culture | $650,004 |
| Scholars At Risk Inc | Education, communication, & culture | $585,084 |
| International Institute On Race Equality and Human Rights | Education, communication, & culture | $534,835 |
| Pen American Center Inc | Education, communication, & culture | $488,260 |
| Freedom House Inc | Education, communication, & culture | $465,719 |
| Business & Human Rights Resource Centre Us Ltd | Education, communication, & culture | $417,492 |
| International Labor Rights Forum | Education, communication, & culture | $393,332 |
| Netfreedom Pioneers | Education, communication, & culture | $384,548 |
| Center For Victims of Torture | Education, communication, & culture | $348,660 |
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Data for National Endowment For Democracy (EIN 52-1344831) 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.