INSTITUTE FOR FREE SPEECH

EIN: 203676886 501(c)(3) Public & Societal Benefit

WASHINGTON, DC

Total Revenue
$3,683,677
Total Expenses
$3,147,692
Total Assets
$9,162,310
Net Assets
$7,144,884
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
VA
Principal Officer
DAVID KEATING
Phone
2023013300
Tax Period
2023-01-01 to 2023-12-31

INSTITUTE FOR FREE SPEECH, founded in 2005, is a community nonprofit in the Public & Societal Benefit sector that reported $3.7M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $3.1M left a modest 15% surplus.

Mission

PRESERVATION OF FIRST AMENDMENT RIGHTS TO FREE POLITICAL SPEECH, PRESS, ASSEMBLY AND PETITION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,110,649
Program Service Revenue $380,722
Investment Income $92,118
Other Revenue $100,188
TOTAL REVENUE $3,683,677

Expense Breakdown

Grants Paid $5,156
Salaries & Benefits $2,362,683
Fundraising Expenses $170,616
Program Expenses $2,907,089
Other Expenses $779,853
TOTAL EXPENSES $3,147,692

Year-over-Year Comparison

2023 2022 Change
Revenue $3,683,677 $3,882,053 -0.1%
Expenses $3,147,692 $3,036,081 +0.0%
Net Income $535,985 $845,972 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
5
Employees
23
Volunteers
21

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$302,000
Total Directors
6
$96,000
Key Employees
1
$235,267
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRADLEY A SMITH CHAIRMAN 10.00
Officer Director
$96,000 $0 $96,000
JOHN SNIDER SECRETARY AND TREASURER 1.00
Officer Director
$0 $0 $0
EDWARD H CRANE DIRECTOR 1.00
Director
$0 $0 $0
CLETA MITCHELL DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN MODZELEWSKI DIRECTOR 1.00
Director
$0 $0 $0
ERIC O'KEEFE DIRECTOR 1.00
Director
$0 $0 $0
DAVID KEATING PRESIDENT 40.00
Officer
$187,742 $18,258 $206,000
ALAN GURA VICE PRESIDENT FOR LITIGATION 40.00
Key Emp
$230,834 $4,433 $235,267
ENDEL KOLDE SENIOR ATTORNEY 40.00
Highest
$190,563 $10,287 $200,850
CHARLES MILLER SENIOR ATTORNEY 40.00
Highest
$124,418 $3,351 $127,769
BRETT NOLAN SENIOR ATTORNEY 40.00
Highest
$139,080 $8,733 $147,813
RYAN MORRISON ATTORNEY 40.00
Highest
$132,914 $4,045 $136,959
COURTNEY CORBELLO ATTORNEY 40.00
Highest
$104,283 $5,278 $109,561
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,683,677 $3,147,692 $9,162,310 $535,985
2022 $3,882,053 $3,036,081 $8,602,156 $845,972
2021 $3,314,675 $2,732,506 $6,172,959 $582,169
2020 $3,293,250 $2,453,045 $5,786,005 $840,205
2019 $2,564,214 $2,302,467 $4,364,788 $261,747
2018 $2,646,991 $2,106,292 $4,009,976 $540,699
2018 $2,646,991 $2,106,292 $4,009,976 $540,699
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