Institute for Humane Studies

EIN: 941623852 501(c)(3)

Arlington, VA

Total Revenue
$21,127,707
Total Expenses
$20,443,149
Total Assets
$33,037,779
Net Assets
$29,787,931
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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
CA
Principal Officer
Gary Leff
Phone
7039934880
Tax Period
2024-09-01 to 2025-08-31

Institute for Humane Studies, founded in 1961, is a mid-sized nonprofit that reported $18.7M in total revenue in fiscal year 2017.

Mission

The Institute discovers, develops, and supports students, scholars, and other intellectuals who maintain the highest standard of academic excellence and who share an interest in the principles of the classical liberal tradition.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $19,673,897
Program Service Revenue $221,638
Investment Income $939,413
Other Revenue $292,759
TOTAL REVENUE $21,127,707

Expense Breakdown

Grants Paid $4,224,873
Salaries & Benefits $9,712,261
Fundraising Expenses $1,695,256
Program Expenses $16,774,168
Other Expenses $6,506,015
TOTAL EXPENSES $20,443,149

Year-over-Year Comparison

2024 2023 Change
Revenue $21,127,707 $31,057,023 -0.3%
Expenses $20,443,149 $18,205,179 +0.1%
Net Income $684,558 $12,851,844 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
96
Volunteers
8

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
5
$1,060,810
Total Directors
8
$0
Key Employees
1
$229,434
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ryan Stowers Chairman 1.00
Officer Director
$0 $0 $0
Tyler Cowen Vice Chairman 1.00
Officer Director
$0 $0 $0
Brian Hooks Director 1.00
Director
$0 $0 $0
Chris Rufer Director 1.00
Director
$0 $0 $0
Christopher Coyne Director 1.00
Director
$0 $0 $0
James Arthur Pope Director 1.00
Director
$0 $0 $0
Todd Zywicki Director 1.00
Director
$0 $0 $0
Virgil Storr Director 1.00
Director
$0 $0 $0
Emily Chamlee-Wright President & Chief Executive Officer 40.00
Officer
$537,300 $35,198 $572,498
Gary Leff Chief Financial Officer 10.00
Officer
$99,836 $10,978 $110,814
Courtney Derr Executive Director 40.00
Officer
$343,650 $33,848 $377,498
Sarah Straw Chief of Staff 40.00
Key Emp
$201,718 $27,716 $229,434
Caroline Phelps Managing Director of Programs and Partnerships 40.00
Highest
$175,000 $178 $175,178
Michael Tolhurst Managing Dir of Bus Intelligence & Academic Relati 40.00
Highest
$153,333 $186 $153,519
Adam Wolter Senior Application Development Engineer 40.00
Highest
$146,170 $13,227 $159,397
Sharifa Ahmed Director of Human Resources 40.00
Highest
$139,150 $13,497 $152,647
Lindsey Jennings Director of Development 40.00
Highest
$135,151 $22,635 $157,786
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
2025 $21,127,707 $20,443,149 $33,037,779 $684,558
2024 $31,057,023 $18,205,179 $35,458,810 $12,851,844
2023 $17,158,040 $18,258,109 $25,514,779 $-1,100,069
2022 $20,882,389 $17,067,802 $19,221,469 $3,814,587
2021 $17,706,428 $16,509,635 $15,952,921 $1,196,793
2020 $21,122,878 $17,003,146 $15,087,210 $4,119,732
2019 $19,122,769 $18,124,605 $10,576,746 $998,164
2018 $18,706,083 $18,438,265 $9,848,348 $267,818
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