Skip to content

Washington, D.C. · Nonprofit

AMERICAN ECONOMIC LIBERTIES PROJECT

AMERICAN ECONOMIC LIBERTIES PROJECT (Washington, D.C.) receives grants from 22 organizations whose IRS filings report $16,093,070 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($5,528,070). 13 of them have funded it in more than one year.

Revenue FY2024
$4.5M
Funders on record
22
Grants received
$16M
Net assets
$3.8M
13/22 repeat fundersgrants exceed reported revenue in one year
01What it does

What American Economic Liberties Project does

Mission

The American Economic Liberties Project's educational and charitable purposes are to research economic concentration in america, and study the history of competition policy, from the founding until today.

As stated on its FY2024 Form 990.

Program

  1. To support its educational and charitable purposes, aelp's policy work continued to focus on issues like antitrust reform, junk fees, drug pricing and shortages, noncompetes, digital trade, labor and industrial policy. Aelp produced 44 reports, policy briefs, academic papers, policy digests, and fact sheets, submitted 7 comments to various agencies, and led or joined 68 letters on key policy fights. Aelp also hosted 8 policy briefings on topics such as doj's trial against google, the harms of pharmacy benefit managers, and how to ban junk fees.to shape the narrative around addressing corporate power broadly and a number of policy goals specifically, aelp's prolific strategic communications operation included 60 articles and op-eds, 991 earned print mentions and 102 tv, radio and podcast hits, video partnerships with other nonprofits that generated 374,000+ social media view, and supported staff newsletters with 171,000+ subscribers. Aelp works in partnership with allied organizations on policy priorities, issue campaigns, and events.

    $3,231,429 spent$22,486 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $3,231,429.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20202020 Revenue 100 ($2.2M) Expenses 100 ($1.4M) Net assets 100 ($752k)2021 Revenue 156 ($3.4M) Expenses 114 ($1.6M) Net assets 327 ($2.5M)2022 Revenue 127 ($2.8M) Expenses 204 ($2.9M) Net assets 311 ($2.3M)2023 Revenue 182 ($3.9M) Expenses 236 ($3.3M) Net assets 390 ($2.9M)2024 Revenue 209 ($4.5M) Expenses 260 ($3.7M) Net assets 504 ($3.8M)
20202021202220232024
Revenue (209)Expenses (260)Net assets (504)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $762k to $2.5M (+232%).

$762k
$2.5M
$2.8M
$3.4M
$4.2M
20202021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

98% of AMERICAN ECONOMIC LIBERTIES PROJECT’s revenue is contributions — more reliant on donations than three-quarters of its peers (61% for the typical peer).

This organization
Typical peer · 4,434 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 5 reported years ran a deficit.

$752k
’20
$1.8M
’21
−$125k
’22
$595k
’23
$860k
’24
13
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Ross Baird

Board chair

As listed on its FY2024 Form 990.

20202021202220232024
Listed710101212
Joined·+4+1+4+2
No longer listed·1122
03Who funds it

Who funds it, year by year

2020 → 2023: the base broadened from 3 funders to 13 funders, grant income rose $523k → $4.0M.

4 of 22 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 36% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of AMERICAN ECONOMIC LIBERTIES PROJECT’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

AMERICAN ECONOMIC LIBERTIES PROJECT leans on a few funders — its largest provides 34% of grant income and the top three 65%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

64% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund AMERICAN ECONOMIC LIBERTIES PROJECT.

34%
largest funder
65%
top three
~5
effective funders

Largest funder’s share by year: 2020 71% · 2021 27% · 2022 36% · 2023 35% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

46% of AMERICAN ECONOMIC LIBERTIES PROJECT's funders are still giving 2 years after their first grant; 59% give in more than one year at all.

first grant+1y+2y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

AMERICAN ECONOMIC LIBERTIES PROJECT draws 88% of its grant income from funders outside Washington, D.C., across 6 states in all.

VT
WA
NY
CA
MO
DC

In-state vs out-of-state, by year

’20
’21
’22
’23
Washington, D.C. out of state home

Funder states come from each funder’s own filing. $5.8M arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

AMERICAN ECONOMIC LIBERTIES PROJECT holds deeper cash reserves than three-quarters of the 4,203 community improvement nonprofits its size.

Operating margin19% · above the median
Months of reserve12.8mo · top quartile
Revenue growth (annualized)20% · above the median

this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024

Organizations like AMERICAN ECONOMIC LIBERTIES PROJECT

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Washington, D.C.

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

88% of spending goes to programs.

Program 88%Management 11%Fundraising 1%

Governance

3
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

72%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 4 states

NY
CA
MO
DC

Screen this organization

A dated, signed PDF of the compliance screen for AMERICAN ECONOMIC LIBERTIES PROJECT: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds AMERICAN ECONOMIC LIBERTIES PROJECT?
AMERICAN ECONOMIC LIBERTIES PROJECT (Washington, D.C.) receives grants from 22 organizations whose IRS filings report $16,093,070 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($5,528,070). 13 of them have funded it in more than one year.
How many funders does AMERICAN ECONOMIC LIBERTIES PROJECT have?
IRS filings report 22 organizations giving $16,093,070 in grants to AMERICAN ECONOMIC LIBERTIES PROJECT, 13 of which have funded it in more than one year.
Who is the largest funder of AMERICAN ECONOMIC LIBERTIES PROJECT?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $5,528,070 in grants. The full list of funders is on this page.
How can an organization like AMERICAN ECONOMIC LIBERTIES PROJECT find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Washington, D.C.. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds American Economic Liberties Project →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 22 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing