INSTITUTE FOR JUSTICE
Mission Statement
Through strategic litigation, training, communication and outreach, the Institute for Justice advances a rule of law under which individuals can control their destinies as free and responsible members of society. IJ litigates to secure economic liberty, school choice, private property rights, freedom of speech and other vital individual liberties and to restore constitutional limits on the power of government. In addition, IJ trains law students, lawyers and policy activists in the tactics of public interest litigation. Through these activities, IJ challenges the ideology of the welfare state and illustrates and extends the benefits of freedom to those whose full enjoyment of liberty is denied by government.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
81.3% | 79.5% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
9.8% | 11.4% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
8.8% | 6.5% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
35.4 mo | 9.9 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
21.2% | 19.5% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
83.2% | 92.0% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
10.7% | 3.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
7.5% | 3.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
13.9% | 2.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $55.3M | $47.6M | $140.3M | 81.3% | 239 |
| 2024 | $49.9M | $44.3M | $127.3M | 83.4% | 216 |
| 2023 | $38.8M | $37.7M | $114.4M | 82.9% | 218 |
| 2022 | $39.0M | $33.2M | N/A | — | 217 |
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