PACIFIC RESEARCH INSTITUTE FOR PUBLIC POLICY Charity Report

Public IRS 990 nonprofit record

PACIFIC RESEARCH INSTITUTE FOR PUBLIC POLICY

EIN 94-2528433 · Private Operating Foundations (T23)

What they do

PRI CHAMPIONS FREEDOM, OPPORTUNITY, and PERSONAL RESPONSIBILITY BY ADVANCING FREE-MARKET SOLUTIONS. THE INSTITUTE PROVIDES PRACTICAL SOLUTIONS for THE POLICY ISSUES THAT IMPACT THE DAILY LIVES of ALL AMERICANS and DEMONSTRATES WHY THE FREE MARKET is MORE EFFECTIVE THAN GOVERNMENT AT PROVIDING THE IMPORTANT RESULTS WE ALL SEEK: GOOD SCHOOLS, QUALITY HEALTH CARE, A CLEAN ENVIRONMENT, and A ROBUST ECONOMY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $64.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders19 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

48.62%of revenue went to mission work64.2% of expenses · Program services

16.73%of revenue went to fundraising22.1% of expenses

$75.68spent for every $100 of revenueRevenue covered expenses this year.

10.32%of revenue went to management and office costs13.6% of expenses

$5.54in assets for every $1 spent this yearSome assets cannot be spent right away.

75.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $536,391 for SALLY C PIPES (PRESIDENT AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$7,623,024

Mission workProgram services$3,706,32048.62% of revenue64.2% of expenses

ManagementOffice and general costs$786,99010.32% of revenue13.6% of expenses

FundraisingAsking for donations$1,275,44916.73% of revenue22.1% of expenses

Revenue left after expensesReported annual surplus$1,854,26524.32% of revenueShown in gray on the chart

Total expenses$5,768,75975.68% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 64.2% mission · 13.6% management · 22.1% fundraisingTotal expenses: 75.68% of revenue

2023Expense mix: 62.5% mission · 13.6% management · 23.9% fundraisingTotal expenses: 44.77% of revenue

2022Expense mix: 64.9% mission · 14.0% management · 21.1% fundraisingTotal expenses: 71.36% of revenue

2021Expense mix: 68.3% mission · 14.0% management · 17.7% fundraisingTotal expenses: 60.72% of revenue

2020Expense mix: 63.2% mission · 18.4% management · 18.4% fundraisingTotal expenses: 79.10% of revenue

2019Expense mix: 63.3% mission · 16.6% management · 20.1% fundraisingTotal expenses: 72.98% of revenue

2018Expense mix: 46.5% mission · 23.7% management · 29.8% fundraisingTotal expenses: 69.79% of revenue

2017Expense mix: 66.3% mission · 15.4% management · 18.3% fundraisingTotal expenses: 134.42% of revenue

Money in and money out

Revenue$7,623,024

Expenses$5,768,759

Annual surplus $1,854,265 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,706,320 · 64.2% of expenses

Management and office costs$786,990 · 13.6% of expenses

Fundraising$1,275,449 · 22.1% of expenses

See all reported dollar amounts

Revenue$7,623,024

Expenses$5,768,759

Assets$31,970,684

Income$7,623,024

Contributions$5,730,834

Mission work (program services)$3,706,320

Fundraising$1,275,449

Grants given$1,891,673

Average grant$1,891,673

Management and general$786,990

Stocks and bonds$16,047,785

Accounting fees$201,598

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

SALLY C PIPESPRESIDENT AND CEO · 40 hrs/week $536,391Base $522,499 · Other $13,892

ROWENA ITCHONCHIEF OPERATING OFFICER · 40 hrs/week $395,500Base $365,000 · Other $30,500

BENJAMIN SMITHWICKVP DEVELOPMENT · 40 hrs/week $246,000Base $231,000 · Other $15,000

LANCE IZUMISENIOR DIRECTOR CENTER FOR EDUCATION · 40 hrs/week $181,913

TIMOTHY ANAYAVP MARKETING · 40 hrs/week $181,000Base $175,000 · Other $6,000

MICHAEL T PSOMASDIRECTOR · 1 hrs/week $50,337

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (19)

SALLY C PIPESPRESIDENT AND CEO

ROWENA ITCHONCHIEF OPERATING OFFICER

BENJAMIN SMITHWICKVP DEVELOPMENT

LANCE IZUMISENIOR DIRECTOR CENTER FOR EDUCATION

TIMOTHY ANAYAVP MARKETING

MICHAEL T PSOMASDIRECTOR

PAUL TOSETTIDIRECTOR

STEVEN DENNIS MDDIRECTOR

SEAN MCAVOYDIRECTOR, SECRETARY, TREASURER

RUSSELL A JOHNSONDIRECTOR

RICHARD WALLACEDIRECTOR

RICHARD SAMUELSONDIRECTOR

PETER C FARRELLDIRECTOR

LAWRENCE J SISKINDDIRECTOR

DANIEL M KOLKEYDIRECTOR

DANIEL OLIVERDIRECTOR

CLARK JUDGEDIRECTOR, CHAIRMAN

CHRISTINE ZANELLODIRECTOR

CHRIS WRIGHTDIRECTOR

About this charity

Recognized since: January 1978
Location: 680 E COLORADO BLVD STE 180, PASADENA, CA 91101-6144
County: Los Angeles
In care of: Sara C Pipes
Primary officer: Sara C Pipes, President & CEO

How to reach them

Phone(415) 680-8215

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: MICHAEL T PSOMAS CPA PC
NTEE classification: Private Operating Foundations (T23)
IRS tax category: Private Operating Foundations
Grant-giving organization: Yes