Finance Score: 6

Governance Score: 2

Support Score: 11

Good reserves management: +3
Fundraising costs low: +3

Good trustee age range: +3
Mainly male board: -1

Grant maker support: +11

Overall GiG Score: 19

THE INSTITUTE FOR 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.

Analysis by Giving is Great

Positives:

Reserves management has been consistently within official guidelines
There have been no income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age

Regulatory & Governance issues to consider:

The Board is predominantly male

Established: 55 years

www.ifs.org.uk

mailbox@ifs.org.uk

02072914800

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/12/22	£9,176	£8,747	£429	£92	£3,839	£3,839	5.3	73
31/12/21	£8,772	£8,476	£296	£57	£3,410	£3,410	4.8	77
31/12/20	£9,802	£9,673	£129	£56	£3,114	£3,114	3.9	77
31/12/19	£9,272	£9,094	£178	£59	£2,985	£2,985	3.9	71
31/12/18	£8,870	£8,630	£240	£0	£2,806	£2,806	3.9	70
31/12/17	£8,835	£8,581	£254	£0	£2,567	£2,567	3.6	69
31/12/16	£7,618	£7,412	£205	£0	£2,313	£2,313	3.7	60
31/12/15	£7,586	£7,518	£68	£38	£2,107	£2,107	3.4	61
31/12/14	£7,409	£7,338	£70	£30	£2,039	£2,039	3.3	60
31/12/13	£6,721	£6,403	£318	£30	£1,969	£1,969	3.7	54
31/12/12	£6,028	£5,804	£224	£91	£1,651	£1,651	3.4	46
31/12/11	£5,916	£5,716	£201	£82	£1,427	£1,427	3	40
31/12/10	£5,434	£5,428	£6	£92	£1,226	£1,226	2.7	39
31/12/09	£5,138	£5,130	£8	£107	£1,220	£1,220	2.9	39
31/12/08	£5,171	£5,093	£79	£82	£1,212	£1,212	2.9	46
31/12/07	£4,272	£4,238	£33	£93	£1,133	£1,133	3.2	47
31/12/06	£4,027	£3,927	£100	£0	£0	£0	n/a	0
31/12/05	£3,867	£3,764	£103	£0	£0	£0	n/a	0
31/12/04	£3,549	£3,457	£92	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 1%
Fundraising Costs/Total Spending: 1.1%
Senior Staff Costs/Total Spending: 26%
Highest pay band: £200,000-£250,000
Liabilities/Assets: 55%
Liabilities/Income: 51%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 5.3 months
Net Current Assets/Spending: 5 months
Quick Ratio: 1.4

Asset Split ?

Listed activities

Economic/Community Development/Employment
Education/Training

How it operates

Provides advocacy/advice/information
Sponsors or undertakes research

Where it operates

Australia, Brazil, Colombia, Ethiopia, Ghana, India, Nigeria, Throughout England And Wales, Uganda,

Who it helps

The General Public/Mankind

Who works here?

73 employees

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

Nuffield Foundation	£2,201,646
Foreign, Commonwealth & Development Office	£2,115,500
Department for Business, Energy and Industrial Strategy	£454,067
Trust for London	£20,000

Specific Donations

Amount	When Months	To be used for
Nuffield Foundation - Grant to Institute for Fiscal Studies
£303,459	09/11/2023	Towards Spending across different stages of education
Nuffield Foundation - Grant to Institute for Fiscal Studies
£70,000	18/07/2023	Towards IFS General Election Analysis
Nuffield Foundation - Grant to Institute for Fiscal Studies
£228,257	01/07/2022	Towards The long run impact of the Education Maintenance Allowance
Foreign, Commonwealth & Development Office - 300689-101 Support to the Core Research Fund
£164,739	01/04/2022	Funding for the Institute for Fiscal Studies to deliver tax and transfer research and analytical capacity building in four developing countries (Ghana, Ethiopia, Rwanda and Uganda), and wider ....more Funding for the Institute for Fiscal Studies to deliver tax and transfer research and analytical capacity building in four developing countries (Ghana, Ethiopia, Rwanda and Uganda), and wider cross-cutting research to facilitate more evidence-based tax policy decision-making.
Foreign, Commonwealth & Development Office - 300689-101 Support to the Core Research Fund
£99,583	01/04/2022	Funding for the Institute for Fiscal Studies to deliver tax and transfer research and analytical capacity building in four developing countries (Ghana, Ethiopia, Rwanda and Uganda), and wider ....more Funding for the Institute for Fiscal Studies to deliver tax and transfer research and analytical capacity building in four developing countries (Ghana, Ethiopia, Rwanda and Uganda), and wider cross-cutting research to facilitate more evidence-based tax policy decision-making.
Foreign, Commonwealth & Development Office - 300689-102 Support to Capacity Building
£468,995	01/04/2022	Funding for the Institute for Fiscal Studies to deliver tax and transfer research and analytical capacity building in four developing countries (Ghana, Ethiopia, Rwanda and Uganda), and wider ....more Funding for the Institute for Fiscal Studies to deliver tax and transfer research and analytical capacity building in four developing countries (Ghana, Ethiopia, Rwanda and Uganda), and wider cross-cutting research to facilitate more evidence-based tax policy decision-making.
Foreign, Commonwealth & Development Office - 300689-102 Support to Capacity Building
£324,433	01/04/2022	Funding for the Institute for Fiscal Studies to deliver tax and transfer research and analytical capacity building in four developing countries (Ghana, Ethiopia, Rwanda and Uganda), and wider ....more Funding for the Institute for Fiscal Studies to deliver tax and transfer research and analytical capacity building in four developing countries (Ghana, Ethiopia, Rwanda and Uganda), and wider cross-cutting research to facilitate more evidence-based tax policy decision-making.
Foreign, Commonwealth & Development Office - 300689-101 Support to the Core Research Fund
£164,739	01/04/2022	Funding for the Institute for Fiscal Studies to deliver tax and transfer research and analytical capacity building in four developing countries (Ghana, Ethiopia, Rwanda and Uganda), and wider ....more Funding for the Institute for Fiscal Studies to deliver tax and transfer research and analytical capacity building in four developing countries (Ghana, Ethiopia, Rwanda and Uganda), and wider cross-cutting research to facilitate more evidence-based tax policy decision-making.
Foreign, Commonwealth & Development Office - 300689-101 Support to the Core Research Fund
£99,583	01/04/2022	Funding for the Institute for Fiscal Studies to deliver tax and transfer research and analytical capacity building in four developing countries (Ghana, Ethiopia, Rwanda and Uganda), and wider ....more Funding for the Institute for Fiscal Studies to deliver tax and transfer research and analytical capacity building in four developing countries (Ghana, Ethiopia, Rwanda and Uganda), and wider cross-cutting research to facilitate more evidence-based tax policy decision-making.
Foreign, Commonwealth & Development Office - 300689-102 Support to Capacity Building
£468,995	01/04/2022	Funding for the Institute for Fiscal Studies to deliver tax and transfer research and analytical capacity building in four developing countries (Ghana, Ethiopia, Rwanda and Uganda), and wider ....more Funding for the Institute for Fiscal Studies to deliver tax and transfer research and analytical capacity building in four developing countries (Ghana, Ethiopia, Rwanda and Uganda), and wider cross-cutting research to facilitate more evidence-based tax policy decision-making.
Foreign, Commonwealth & Development Office - 300689-102 Support to Capacity Building
£324,433	01/04/2022	Funding for the Institute for Fiscal Studies to deliver tax and transfer research and analytical capacity building in four developing countries (Ghana, Ethiopia, Rwanda and Uganda), and wider ....more Funding for the Institute for Fiscal Studies to deliver tax and transfer research and analytical capacity building in four developing countries (Ghana, Ethiopia, Rwanda and Uganda), and wider cross-cutting research to facilitate more evidence-based tax policy decision-making.
Department for Business, Energy and Industrial Strategy - An International Tax Data Laboratory (ITD-Lab) For Studying Taxes, Firms and Development
£280,884	31/03/2022	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=MR/V025058/1
Department for Business, Energy and Industrial Strategy - Understanding the role of liquid wealth, family financial transfers, and pensions in household insurance
£74,946	01/03/2022	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=ES/W002671/1
Department for Business, Energy and Industrial Strategy - Better financial modelling: making the IFS local government finance model available to councils in partnership with CIPFA and the DCN
£31,744	04/01/2022	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=ES/W011670/1
Nuffield Foundation - Grant to Institute for Fiscal Studies
£458,824	29/11/2021 48	Towards IFS Green Budget 2022 – 2025
Nuffield Foundation - Grant to Institute for Fiscal Studies
£85,819	19/07/2021 12	Towards Saving, Spending and financial resilience in the wake of the pandemic
Department for Business, Energy and Industrial Strategy - 'JPI MYBL EWG' Unequal ageing: life-expectancy, care needs and reforms to the welfare state
£66,493	01/06/2021	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=ES/W001594/1
Nuffield Foundation - Education grant
£230,813	26/11/2020	Spending across stages of education
Nuffield Foundation - Welfare grant
£249,336	25/06/2020	Pension saving over the lifecycle
Nuffield Foundation - Education grant
£181,623	02/06/2020	A comprehensive evaluation of the short and medium term impacts of Sure Start
Trust for London - Institute for Fiscal Studies
£20,000	04/05/2020 6	The funding is for a project to use real time anonymised bank data to monitor the personal finances of Londoners throughout the COVID19 crisis, to provide an early warning system for policymakers, ....more The funding is for a project to use real time anonymised bank data to monitor the personal finances of Londoners throughout the COVID19 crisis, to provide an early warning system for policymakers, show which groups are struggling, and understand the effects of policies.
Nuffield Foundation - Welfare grant
£147,680	04/05/2020	Impact of the Covid-19 crisis on food security
Nuffield Foundation - Education grant
£180,835	09/04/2020	The effect of the covid-19 pandemic on families' time-use and child development
Nuffield Foundation - Welfare Grant
£65,000	22/11/2019	IFS General Election Analysis
Department for Business, Energy and Industrial Strategy - Designing policy aimed at encouraging entrepreneurial activity
£260,145	01/04/2019	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projectsref=ES/T001488/1
Department for Business, Energy and Industrial Strategy - Social Interactions and the Optimal Design of Welfare Systems
£505,456	01/04/2019	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projectsref=ES/T00178X/1
Department for Business, Energy and Industrial Strategy - The impact of medical labour on variation in patient outcomes: evidence from English public hospitals
£567,406	01/04/2019	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projectsref=ES/S003118/1
Department for Business, Energy and Industrial Strategy - Estimating the lifetime returns to undergraduate and postgraduate degrees
£260,779	01/04/2019	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projectsref=ES/S010718/1
Department for Business, Energy and Industrial Strategy - Family and social effects on adoption of preventative health measures
£260,735	01/04/2019	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projectsref=ES/S01571X/1
Department for Business, Energy and Industrial Strategy - cemmap Legacy Centre
£102,803	01/04/2019	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projectsref=ES/T001542/1
Department for Business, Energy and Industrial Strategy - Impact Acceleration Account 2019: Institute of Fiscal Studies
£1,320,233	01/04/2019	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projectsref=ES/T50192X/1
Department for Business, Energy and Industrial Strategy - Does information provision foster or hinder the effectiveness of microcredit for human capital investments?
£85,986	01/04/2019	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projectsref=ES/T001879/1
Nuffield Foundation - Welfare Grant
£32,354	12/02/2019	Revaluation and Reform: Bringing council tax into the 21st century
Nuffield Foundation - Welfare grant
£2,512,853	10/12/2018	Deaton Review: Inequalities in the Twenty-First Century
Nuffield Foundation - Education grant
£233,525	06/12/2018	Using catchment area discontinuities to estimate school effectiveness
Friends Provident Foundation - Institute for Fiscal Studies-Supporting debate on a fair and sustainable UK tax system
£180,350	11/09/2018	We want to promote a much wider understanding that the UK is likely to need to raise taxes if we are to maintain public services over the coming decades and then to promote policy that makes the UK ....more We want to promote a much wider understanding that the UK is likely to need to raise taxes if we are to maintain public services over the coming decades and then to promote policy that makes the UK tax system fairer and more resilient to impending economic, demographic and technological change. Our focus will be to support a broad public debate about the options faced by the UK in two ways. First, we will produce and disseminate accessible analysis on how the UK could raise additional tax revenues in a fair, efficient and acceptable manner. Second, we will set up a 'tax lab' - an engaging online platform to provide access to a body of resources on how the UK tax system currently works and who would be affected by various reforms.
Nuffield Foundation - Welfare grant
£220,089	08/06/2018	After Mirrlees: how to build pathways to a tax system fit for today’s work patterns
Nuffield Foundation - Welfare grant
£410,323	11/05/2018	IFS Green Budget 2018–2021
Department for Business, Energy and Industrial Strategy - ALB - UKRI - Household leverage, re-leveraging and spending behaviour
£166,714	01/04/2018	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projectsref=ES/S001867/1
Department for International Development - Support to Capacity Building
£379,196	01/04/2018	The Centre for Tax Analysis in Developing Countries - Phase II (TAXDEV II)
Department for International Development - Support to the Core Research Fund
£31,887	01/04/2018	The Centre for Tax Analysis in Developing Countries - Phase II (TAXDEV II)
Nuffield Foundation - Education grant
£145,825	13/02/2018	Education Spending Pressures and Challenges
Nuffield Foundation - Welfare grant
£195,545	13/12/2017	Inheritances and inequality within generations
Nuffield Foundation - Education grant
£47,921	11/12/2017	Feasibility study for a scalable and sustainable home-visiting programme for disadvantaged young children in England
Department for Business, Energy and Industrial Strategy - Advancing Microdata Models and Methods
£493,351	01/10/2017	Full Grant details (including summaries) can be found on the Gateway to Research website: http://gtr.rcuk.ac.uk/projects?ref=ES/P008909/1
Nuffield Foundation - Cross-cutting grant
£68,796	05/05/2017	IFS Election Proposal 2017
Department for Business, Energy and Industrial Strategy - The Economic Impacts of Post-Brexit Trade Options
£227,780	01/04/2017	[Placeholder]
Department for Business, Energy and Industrial Strategy - Intergenerational transmission of human capital: implications for poverty, inequality and policy
£221,977	01/04/2017	To support high quality research
Department for Business, Energy and Industrial Strategy - Inequality and the insurance value of transfers across the life cycle
£338,307	01/04/2017	To support high quality research
Nuffield Foundation - Welfare grant
£97,445	13/05/2016	The impact of different council tax support schemes on claimants and local authorities
Department for Business, Energy and Industrial Strategy - Policies for longer working lives: understanding interactions with health and care responsibilities
£87,016	01/05/2016	Full Grant details (including summaries) can be found on the Gateway to Research website: http://gtr.rcuk.ac.uk/projects?ref=ES/P001688/1
Department for Business, Energy and Industrial Strategy - Food consumption, Advertising and Dynamics
£117,689	01/02/2016	Full Grant details (including summaries) can be found on the Gateway to Research website: http://gtr.rcuk.ac.uk/projects?ref=ES/N018788/1
Esmee Fairbairn - Grant to The Institute for Fiscal Studies
£55,381	18/07/2012	Towards an independent assessment of Government policy towards energy use with a view to establishing a framework for more holistic policy-making in the future.
Esmee Fairbairn - Grant to The Institute for Fiscal Studies
£35,020	15/06/2011	Towards the costs of an in-depth analysis of the options for the introduction of a national funding formula for schools in England to inform this reform and the debate surrounding it.
Esmee Fairbairn - Grant to The Institute for Fiscal Studies
£74,075	01/10/2008 12	Towards Project costs Towards research and analysis costs of a study of environmental and distributional effects of fuel duty and vehicle excise duty.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)

Current Trustees appointed

Gender Split

Based on 9/10 persons

Age Range of Trustees: 47-94

CAROLINE GILLIAN MAWHOOD Appointed: 2018, Occupation: Non-Executive Director

DAVID JOHN GREGSON Appointed: 2018, Occupation: Co Chairman, Trustee And Advisor, Other trusteeships: PRO BONO ECONOMICS, THE GREGSON FAMILY FOUNDATION,

DR PETER KANE Appointed: 2020, Occupation: Cfo City Of London Corporation

JOHN FRANCIS CHOWN Appointed: 1969, Occupation: Economist

JAMES BELL Appointed: 2015, Occupation: Economist

JONATHAN ATHOW Appointed: 2014, Occupation: Civil Servant

LORD GUS O'DONNELL GCB Appointed: 2015

MICHAEL RIDGE Appointed: 2016, Occupation: Economist

NICHOLAS TIMMINS Appointed: 2015, Occupation: Journalist

ORNA GABRIELLE NICHIONNA Appointed: 2020, Occupation: Non Executive Director/Chair

Legal constitution

Charitable company registered in England & Wales on 12/06/1969, number: 258815
Registered at Companies House on 21/05/1969, number: 00954616

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

19 returns made; all on time

Main office

7 RIDGMOUNT STREET
LONDON
WC1E 7AE

Objectives

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

Defined Area of Benefit:

UNRESTRICTED

Data Sources