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New York · Nonprofit

FISCAL POLICY INSTITUTE INC

FISCAL POLICY INSTITUTE INC (New York) receives grants from 16 organizations whose IRS filings report $4,942,927 to it, the largest being Center on Budget and Policy Priorities ($2,437,507). 7 of them have funded it in more than one year.

Revenue FY2025
$1.4M
Funders on record
16
Grants received
$4.9M
Net assets
$1.3M
7/16 repeat funderspeak grant-dependency 90%
01What it does

What Fiscal Policy Institute Inc does

Mission

Committed to improving public policies and private practices to better the economic and social conditions of all new yorkers. Founded in 1991, fpi is committed to creating a strong economy in which prosperity is shared by all new yorkers.

As stated on its FY2025 Form 990.

Program

  1. The fiscal policy institute is a nonpartisan research and education organization that focuses on the tax, budget, and economic issues that affect the quality of life and well-being of new york state residents. Fpi's work is intended to further the development and implementation of public policies that create a strong state economy in which prosperity is broadly shared. Fpi promotes public and governmental understanding of the fiscal and economic issues facing new yorkers by conducting and publishing research and analysis, disseminating its work in print, radio, television, and social media, and holding conferences and informational meetings, among other means of public education.

    $619,786 spent$80,500 earned by the program
    100% of program spending

The program described on its FY2025 Form 990. Program spending in total: $619,786.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 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 = 20172017 Revenue 100 ($740k) Expenses 100 ($731k) Net assets 100 ($172k)2018 Revenue 109 ($809k) Expenses 115 ($844k) Net assets 80 ($138k)2019 Revenue 156 ($1.2M) Expenses 156 ($1.1M) Net assets 128 ($221k)2020 Revenue 152 ($1.1M) Expenses 141 ($1.0M) Net assets 398 ($687k)2021 Revenue 74 ($544k) Expenses 102 ($747k) Net assets 237 ($409k)2022 Revenue 63 ($467k) Expenses 58 ($420k) Net assets 264 ($456k)2023 Revenue 119 ($882k) Expenses 79 ($574k) Net assets 443 ($764k)2024 Revenue 74 ($546k) Expenses 95 ($692k) Net assets 359 ($618k)2025 Revenue 192 ($1.4M) Expenses 106 ($776k) Net assets 733 ($1.3M)
'17'18'19'20'21'22'23'24'25
Revenue (192)Expenses (106)Net assets (733)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 2024 to 2025, from $830k to $1.3M (+59%).

$444k
$270k
$401k
$789k
$445k
$488k
$822k
$830k
$1.3M
'17'18'19'20'21'22'23'24'25
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.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 82%. Grants only. Government contracts and fees sit inside program revenue.

94% of FISCAL POLICY INSTITUTE INC’s revenue is contributions — more donation-reliant than the typical peer (88% for the typical peer).

This organization
Typical peer · 1,090 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.

$10k
’17
−$34k
’18
$18k
’19
$95k
’20
−$203k
’21
$47k
’22
$308k
’23
−$146k
’24
$645k
’25
17
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

Debipriya Chatterjee

Chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed121212121411101011
Joined·+0+0+3+2+1+0+0+2
No longer listed·00304101
03Who funds it

Who funds it, year by year

2017 → 2023: the base narrowed from 6 funders to 5 funders, grant income rose $521k → $580k.

3 of 16 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 16% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $10k from one payer (the payer shares this organization's board, largest New Yorkers for Fiscal Fairness Inc). These are real filings, and they are not money FISCAL POLICY INSTITUTE INC raised.

From the IRS filings of FISCAL POLICY INSTITUTE INC’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

FISCAL POLICY INSTITUTE INC leans on a few funders — its largest provides 49% of grant income and the top three 79%; half comes from just 2 funders.

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

79% 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 FISCAL POLICY INSTITUTE INC.

49%
largest funder
79%
top three
~3
effective funders

Largest funder’s share by year: 2017 63% · 2018 71% · 2019 74% · 2020 64% · 2021 51% · 2022 90% · 2023 34% — 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

25% of FISCAL POLICY INSTITUTE INC's funders are still giving 3 years after their first grant; 44% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

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

FISCAL POLICY INSTITUTE INC draws 67% of its grant income from funders outside New York, across 3 states in all.

NY
MD
DC

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

’17
’18
’19
’20
’21
’22
’23
New York out of state home

Funder states come from each funder’s own filing. $800k arriving through sponsors registered in 3 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

FISCAL POLICY INSTITUTE INC runs a healthier operating margin than three-quarters of the 497 public benefit nonprofits its size.

Operating margin45% · top quartile
Months of reserve16.6mo · top quartile
Revenue growth (annualized)8% · below the median

this organization peer median middle 50% of peers· 497 public benefit nonprofits $1M–$10M, FY2025

Organizations like FISCAL POLICY INSTITUTE INC

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 New York

Nationally

05Profile & governance

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

Where the money goes

80% of spending goes to programs.

Program 80%Management 18%Fundraising 2%

Governance

9
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

99%

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

Footprint & structure

Files a return copy in 1 state

NY

Screen this organization

A dated, signed PDF of the compliance screen for FISCAL POLICY INSTITUTE INC: 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.

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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 FISCAL POLICY INSTITUTE INC?
FISCAL POLICY INSTITUTE INC (New York) receives grants from 16 organizations whose IRS filings report $4,942,927 to it, the largest being Center on Budget and Policy Priorities ($2,437,507). 7 of them have funded it in more than one year.
How many funders does FISCAL POLICY INSTITUTE INC have?
IRS filings report 16 organizations giving $4,942,927 in grants to FISCAL POLICY INSTITUTE INC, 7 of which have funded it in more than one year.
Who is the largest funder of FISCAL POLICY INSTITUTE INC?
Center on Budget and Policy Priorities is the largest funder on record, with $2,437,507 in grants. The full list of funders is on this page.
How can an organization like FISCAL POLICY INSTITUTE INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 16 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