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.

Objects

THE OBJECTS OF THE INSTITUTE ARE THE ADVANCEMENT OF EDUCATION, FOR THE BENEFIT OF THE PUBLIC, BY PROMOTION ON A NON-POLITICAL BASIS OF THE STUDY AND DISCUSSION OF, AND THE EXCHANGE AND DISSEMINATION OF INFORMATION AND KNOWLEDGE CONCERNING, THE ECONOMIC AND SOCIAL EFFECTS AND INFLUENCES OF:4.1.1 EXISTING TAXES;4.1.2 PROPOSED CHANGES IN FISCAL SYSTEMS; AND4.1.3 OTHER ASPECTS OF PUBLIC POLICY,IN EACH

Area of benefit: UNRESTRICTED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

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

Registered contact address: Camden, London, England (from the postcode on the register)

Financial health, per its FY2025 accounts

The accounts state that the Institute for Fiscal Studies achieved a net surplus of £947,283 for the year ended 31 December 2025, driven by lease compensation from an office move and modest surpluses across its activities. Per the trustees' report, unrestricted reserves stood at £5,151,568, representing 6.9 months of forecast expenditure, which exceeds the stated policy target of six months. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

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

Year-over-year changes

• Employees paid over £60,000: 35 (FY2024) → 36 (FY2025).

Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

• Bullying and harassment policy and procedures
• Campaigns and political activity policy and procedures
• Complaints handling
• Complaints policy and procedures
• Conflicting interests
• Financial reserves policy and procedures
• Internal charity financial controls policy and procedures
• Internal risk management policy and procedures
• Investing charity funds policy and procedures
• Investment
• Paying staff
• Risk management
• Safeguarding policy and procedures
• Safeguarding vulnerable beneficiaries
• Serious incident reporting policy and procedures
• Social media policy and procedures
• Trustee conflicts of interest policy and procedures
• Trustee expenses policy and procedures

From the charity’s annual return (Part A, self-declared)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

Source: this charity’s annual returns on the Charity Commission register.

Corporate structure

• Registered company of the charity Companies House 00954616 · Financial health read from its filings

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.

• GASKELL, Kevin Harry — director, appointed 16/09/2024on trustee list
• ARMAH, Winifred — director, appointed 01/11/2023on trustee list
• DHINGRA, Swati, Prof — director, appointed 01/11/2023on trustee list
• NICHIONNA, Orna Gabrielle — director, appointed 26/06/2020on trustee list
• KANE, Peter Ronald — director, appointed 26/06/2020on trustee list
• GREGSON, David John — director, appointed 28/11/2018on trustee list
• MAWHOOD, Caroline Gillian — director, appointed 28/11/2018on trustee list
• TIMMINS, Nick James Maxwell — director, appointed 14/12/2015not on trustee list
• O'DONNELL, Augustine Thomas, The Lord — director, appointed 14/12/2015not on trustee list
• BELL, James — director, appointed 14/12/2015on trustee list
• ATHOW, Jonathan Thomas — director, appointed 15/07/2014on trustee list

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.

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

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 (3.7%) (benchmarks).

Trustees · trustee networks

• Caroline Gillian Mawhood
• DAVID JOHN GREGSON · trustee of 2 other charities
• Dr Peter Kane
• Dr Swati Dhingra · trustee of 2 other charities
• James Bell
• Jonathan Athow
• KEVIN HARRY GASKELL · trustee of 1 other charity
• LORD GUS O'DONNELL GCB
• Nicholas Timmins
• Orna Gabrielle NiChionna
• Winifred Armah

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

Common questions

Known funders

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

Government & lottery funding

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

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.

• INSTITUTE FOR EMPLOYMENT STUDIES income £4.1m
• THE NATIONAL INSTITUTE OF ECONOMIC AND SOCIAL RESEARCH income £3.3m
• THE INSTITUTE OF INTERNATIONAL MONETARY RESEARCH income £200k
• INSTITUTE FOR GOVERNMENT income £6.9m
• THE INSTITUTE FOR POLICY RESEARCH income £201k
• THE INTERNATIONAL INSTITUTE FOR STRATEGIC STUDIES income £31.6m

Side by side with its peers

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