Foundation for the Defense of Democracies Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It reported loans to or from officers, directors or other insiders.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
To conduct research and provide education on national security and on international terrorism. See Schedule O for full mission
- Income
- $32.5 million
- Spending
- $30.9 million
- Spent on programs
- 75%
- Reserves
- 7.6 months of spending
- Largest source of income
- donations and private grants, 98%
- Employees
- 102
- Volunteers
- 110
- Highest pay
- $905,290, ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 83 out of 100. Higher than 70% of charities in its peer group (international, $10m to $100m).
Reserves
28 of 35Spendable reserves would cover 7.6 months of spending.
Debt
10 of 20It owes 33% of what it owns.
Living within its means
15 of 15Income exceeded spending by 5% of income.
Income trend
15 of 15Income rose 36% on the year before.
Spending floor
15 of 1574% of spending went to programs and raising each dollar of donations cost 9 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 90 out of 100. Higher than 19% of charities in its peer group (international, $10m to $100m).
Independent board
25 of 2523 of 25 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
0 of 10Reports at least one of: diversion of assets, excess benefits, loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (8)
- $8.8 million spent. Research: Provides research on national security, international relations, terrorism, and related issues on a timely basis and in response to the political and societal environment.
- $4.0 million spent. Communications and Government Relations: Educates the general public and policy audiences on issues related to national security, international relations, terrorism, and other issues related to the defense of democratic societies and institutions.
- $2.4 million spent. Iran Threat: Provides policy research, analysis, and education addressing Iran's support for terrorism and the pursuit of nuclear weapons.
- $2.1 million spent. Center on Economic and Financial Power: Examines how democracies can use sanctions as economic coercion, deter illicit finance, and defend themselves against economic warfare.
- $1.5 million spent. Center on Military and Political Power: Promotes understanding of the defense strategies, policies, and capabilities necessary to deter and defeat threats to the freedom, security, and prosperity of Americans and our allies by providing rigorous, timely, and relevant research and analysis.
- $1.9 million spent. Center on Cyber and Technology Innovation: Aims to promote a greater understanding of the threats and opportunities to national security posed by the rapidly expanding technological environment.
- $1.5 million spent. Extremism Projects: Conduct research and analysis of certain groups and nations that may cause harm to the US or other democratic allies.
- $932,621 spent. Education and Training Programs: Provide mentoring, skill-building workshops, roundtables, and travel opportunities to mid-career professionals working in various aspects of national security and public policy.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 2002.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.