AEI enjoyed another year of very solid financial performance in 2006, with revenues of $28.4 million and $23.6 million in expenditures.
Economic Policy Studies continued to comprise the largest share (31 percent) of AEI's research, with expenses of $7.3 million. Support for Foreign and Defense Policy Studies grew 16 percent to $5.1 million. Social and Political Studies, the group that includes education, legal, political, welfare, and cultural work, comprised $4.2 million of the expenditure budget. AEI spent $1.8 million on the inaugural year of The American magazine, bringing its research and publication expenditure total to $18.4 million.
Management, administrative, and fundraising functions comprised a total of $5.3 million, or 22 percent of total expenditures.
Individual contributions of more than $10 million provided the largest share of the revenue base, followed by $6 million in corporate support, and $4.7 million from foundations. The balance of the Institute's revenue came from investments, book sales, and conference revenues. Annual fundraising and sales accounted for 78 percent of total 2006 resources.
AEI's scholars and staff are very grateful to the many supporters who make their work possible. Contributors may be assured that resources will continue to be managed with care and focused attention to the Institute's central mission--helping to develop and promote innovative solutions to the complex public policy problems facing America.
In addition to required tax filings, AEI's policy is to make copies of its audited financial statements available to anyone who requests them.
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