THE INSTITUTE FOR FISCAL STUDIES

Registered charity 258815 · accounts filings on the Charity Commission register · also known as I F S, THE INSTITUTE FOR FISCAL STUDIES LIMITED, THE INSTITUTE OF FISCAL STUDIES

The Institute for Fiscal Studies is a research institute which exists to provide top quality economic analysis independent of government, political party or any other vested interest. Our goal is to promote effective economic and social policies by understanding better their impact on individuals, families, businesses and the government's finances.

Causes: Education/training · Economic/community Development/employment · website · Get email alerts

Latest income
£13.1m
Latest spending
£12.1m
Registered
1969
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the Institute for Fiscal Studies reported a net income of £561,152 for the year ended 31 December 2024, with total reserves increasing to £5,113,832. Per the trustees' report, unrestricted reserves cover approximately 6.29 months of forecast expenditure, meeting the Board's six-month target. The auditor confirmed that the financial statements give a true and fair view and that there are no material uncertainties regarding the charity's ability to continue as a going concern.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Employees paid over £60,000: 35
“The total sum of these contributions was £214,505 (for 35 employees)” — page 32
Per its FY2024 accounts as filed with the Charity Commission.
Largest income source: ESRC (46% of income)
“Although 46% of the income from charitable activities recognised in 2024 was provided by the ESRC” — page 9
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: six months' forecast expenditure, excluding direct project costs (held: £5.0m)
“The target is for the General Fund to be maintained at a level to cover up to six months’ expenditure (excluding direct project costs).”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Moore Kingston Smith LLP. Discloses 5 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2023 and FY2024 accounts as analysed by this site.

Corporate structure

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Public-sector contracts awarded

From the official Contracts Finder and Find a Tender notices (supplier matched by exact registered name). Contract income is distinct from grants.

BuyerContractAwardedValue
Department for EducationThe impact of undergraduate degrees on lifetime earnings 2026 (con_28496)01/09/2025£75k
MONEY AND PENSIONS SERVICEIFS Retirement Saving Consortium Contract——

Structured financials (annual return, FY ending 31/12/2025)

Total income
£13.1m
Total spending
£12.1m
Cost of raising funds
£120k
Reserves (reported)
£6.1m
Employees
91

Reported reserves equal ~6.0 months of spending — above the median for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Charitable activities (87% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.9% of total income — below the median for charities its size (3.8%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Australia · Brazil · Colombia · Ethiopia · Ghana · India · Nigeria · Throughout England And Wales · Uganda

Income and spending

Financial year endIncomeSpending
31/12/2025£13.1m£12.1m
31/12/2024£11.4m£11.0m
31/12/2023£10.2m£9.7m
31/12/2022£9.2m£8.7m
31/12/2021£8.8m£8.5m

Common questions

Is THE INSTITUTE FOR FISCAL STUDIES financially healthy?

Per its FY2024 accounts: The accounts state that the Institute for Fiscal Studies reported a net income of £561,152 for the year ended 31 December 2024, with total reserves increasing to £5,113,832. Per the trustees' report, unrestricted reserves cover approximately 6.29 months of forecast expenditure, meeting the Board's six-month target. The auditor confirmed that the financial statements give a true and fair view and that there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Moore Kingston Smith LLP.

Who funds THE INSTITUTE FOR FISCAL STUDIES?

Funders whose own accounts filings name THE INSTITUTE FOR FISCAL STUDIES as a grant recipient include THE NUFFIELD FOUNDATION, JOSEPH ROWNTREE FOUNDATION, THE HEALTH FOUNDATION.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE NUFFIELD FOUNDATIONFY2024£2.5mTransforming justice: The interplay of social change and policy reforms
THE NUFFIELD FOUNDATIONFY2025£459kActionable insights to tackle UK dietary inequalities
THE NUFFIELD FOUNDATIONFY2023£303kSpending across different stages of education
THE NUFFIELD FOUNDATIONFY2025£238kIFS Green Budget 2026 – 2029
JOSEPH ROWNTREE FOUNDATIONFY2021£235kLiving standards, poverty and inequality 2021 - 2023
THE NUFFIELD FOUNDATIONFY2022£228kThe long run impact of the Education Maintenance Allowance
THE NUFFIELD FOUNDATIONFY2025£95kRacial inequalities in access to professional careers – what matters?
JOSEPH ROWNTREE FOUNDATIONFY2023£90kReport on living standards, poverty and inequality
THE NUFFIELD FOUNDATIONFY2023£70kIFS general election analysis
THE HEALTH FOUNDATIONFY2022£65kPromoting healthy lives for all
THE HEALTH FOUNDATIONFY2023£52kProviding evidence and analysis to improve health and care policy
JOSEPH ROWNTREE FOUNDATIONFY2023£30kIFS Retirement Saving Consortium 2023-25
JOSEPH ROWNTREE FOUNDATIONFY2024£0Alternative to bright-line fiscal rules

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
UK government04/08/2023£277kEconomic opportunities across racial and ethnic groups in the United Kingdom
UK government02/08/2023£52kFrictions in career trajectories within organizations
UK government22/05/2023£119kCombining job mobility patterns and vacancy data to better measure labour market opportunities and skill mismatch
UK government21/04/2023£68kOpen Access Block Award 2023 - Institute for Fiscal Studies
UK government15/12/2022£250kESRC IAA 2023
UK government22/09/2022£131kMinimum wages, taxes and transfers, and low-income workers
UK government06/07/2022£21kA personnel approach to firms and workers' behavior - with a focus on gender inequalities
UK government24/05/2022£34kDynamics in private pension saving across the income distribution
UK government02/03/2022£67kDeaton Review Country Studies: A Trans-Atlantic Comparison of Inequalities in Incomes and Outcomes over Five Decades
UK government02/03/2022£581kProductivity, Wages and the Labour Market
UK government13/12/2021£130kConsumption dynamics and the insurance value of benefits
UK government10/12/2021£85kUnderstanding the role of liquid wealth, family financial transfers, and pensions in household insurance
UK government13/07/2021£177kAn International Tax Data Laboratory (ITD-Lab) For Studying Taxes, Firms and Development
UK government18/03/2021£89k'JPI MYBL EWG' Unequal ageing: life-expectancy, care needs and reforms to the welfare state
UK government16/09/2020£72kPublic policy in food markets: understanding advertising and choice inter-dependencies
UK government07/08/2020£130kIntergenerational transfers, insurance, and the transmission of inequality
UK government14/05/2020£1.8mESRC Institute for the Microeconomic Analysis of Public Policy
UK government17/12/2019£42kSocial Interactions and the Optimal Design of Welfare Systems
UK government03/06/2019£31kcemmap Legacy Centre
UK government01/04/2019£567kThe impact of medical labour on variation in patient outcomes: evidence from English public hospitals
UK government01/04/2019£505kSocial Interactions and the Optimal Design of Welfare Systems
UK government01/04/2019£260kDesigning policy aimed at encouraging entrepreneurial activity
UK government01/04/2019£261kFamily and social effects on adoption of preventative health measures
UK government01/04/2019£261kEstimating the lifetime returns to undergraduate and postgraduate degrees
UK government01/04/2019£1.3mImpact Acceleration Account 2019: Institute of Fiscal Studies

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with INSTITUTE FOR EMPLOYMENT STUDIES.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE INSTITUTE FOR FISCAL STUDIES£13.1m—35above—no doubt
INSTITUTE FOR EMPLOYMENT STUDIES FY2025£4.1m——unclear—no doubt
INSTITUTE FOR GOVERNMENT FY2025£6.9m£240,000 - £249,999—below—no doubt
THE NATIONAL INSTITUTE OF ECONOMIC AND SOCIAL RESEARCH FY2025£4.0m£150,001 - £200,000—unclear—no doubt
INSTITUTE FOR STRATEGIC DIALOGUE FY2024£6.1m——above—no doubt
THE ROYAL INSTITUTE OF INTERNATIONAL AFFAIRS FY2025£20.2m——unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.