INSTITUTE FOR PROGRESS

EIN: 872449729 501(c)(3) Social Science

WASHINGTON, DC

Total Revenue
$8,198,072
Total Expenses
$3,079,238
Total Assets
$6,919,451
Net Assets
$6,482,015
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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
2021
Legal Domicile
DE
Principal Officer
ALEC STAPP
Phone
4806283863
Tax Period
2023-01-01 to 2023-12-31

INSTITUTE FOR PROGRESS, founded in 2021, is a community nonprofit in the Social Science sector that reported $8.2M in total revenue in fiscal year 2023. Revenue surged 745% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.1M, a strong 62% operating margin.

Mission

THE INSTITUTE FOR PROGRESS (IFP) IS A NON-PARTISAN THINK TANK FOCUSED ON INNOVATION POLICY. OUR ORGANIZATION WORKS TO ACCELERATE AND SHAPE THE DIRECTION OF SCIENTIFIC, TECHNOLOGICAL AND INDUSTRIAL PROGRESS.

Program Service Accomplishments

Program 1
Expenses: $2,545,972

THE INSTITUTE FOR PROGRESS (IFP) WORKS TO ACCELERATE AND SHAPE THE DIRECTION OF SCIENTIFIC, TECHNOLOGICAL, AND INDUSTRIAL PROGRESS. HEADQUARTERED IN WASHINGTON D.C., IFP WORKS WITH POLICYMAKERS...

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THE INSTITUTE FOR PROGRESS (IFP) WORKS TO ACCELERATE AND SHAPE THE DIRECTION OF SCIENTIFIC, TECHNOLOGICAL, AND INDUSTRIAL PROGRESS. HEADQUARTERED IN WASHINGTON D.C., IFP WORKS WITH POLICYMAKERS ACROSS THE POLITICAL SPECTRUM TO MAKE IT EASIER TO BUILD THE FUTURE IN THE UNITED STATES.

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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 $8,198,001
Program Service Revenue $0
Investment Income $71
Other Revenue $0
TOTAL REVENUE $8,198,072

Expense Breakdown

Grants Paid $551,220
Salaries & Benefits $1,436,725
Fundraising Expenses $139,365
Program Expenses $2,545,972
Other Expenses $1,091,293
TOTAL EXPENSES $3,079,238

Year-over-Year Comparison

2023 2022 Change
Revenue $8,198,072 $970,114 +7.5%
Expenses $3,079,238 $1,201,769 +1.6%
Net Income $5,118,834 $-231,655 -23.1%
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
5
Independent Members
3
Employees
14
Volunteers
N/A

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
2
$442,680
Total Directors
5
$442,680
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEC STAPP CO-CEO 40.00
Officer Director
$202,500 $17,526 $220,026
CALEB WATNEY CO-CEO 40.00
Officer Director
$202,500 $20,154 $222,654
DANIEL CORREA DIRECTOR 1.00
Director
$0 $0 $0
TAMARA WINTER DIRECTOR 1.00
Director
$0 $0 $0
ZACHARY GRAVES DIRECTOR 1.00
Director
$0 $0 $0
JEREMY NEUFELD SR IMMIGRATION FELLOW 40.00
Highest
$129,167 $13,241 $142,408
BRIAN POTTER SR INFRASTRUCTURE FELLOW 40.00
Highest
$140,000 $12,345 $152,345
SANTIAGO RUIZ SR EDITOR 40.00
Highest
$116,250 $14,994 $131,244
ARIELLE D'SOUZA BIOTECH FELLOW 40.00
Highest
$101,667 $8,719 $110,386
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 $8,198,072 $3,079,238 $6,919,451 $5,118,834
2022 $970,114 $1,201,769 $1,531,455 $-231,655
2021 $1,900,000 $159,934 $1,741,385 $1,740,066
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