Fiscal Year 2025 Financial Results
Cato’s unaudited financial information for fiscal year 2025 (April 1, 2024 to March 31, 2025) is presented below. The Cato Institute accepts no government funding and is committed to maximizing the resources entrusted to it. Contributions from individuals, foundations, and corporations make our ability to drive important policy debates toward individual liberty, limited government, free markets, and peace possible. As part of our Vision for Liberty Campaign—a strategic initiative to accelerate Cato’s impact—expenses increased by 13% compared to fiscal year 2024 to support the growth of key programs, expand our reach, and advance the principles of a free society more effectively and at a greater scale.
Operating Revenue
Individual
$50,543,000
Foundation
$5,616,000
Corporate
$1,686,000
Program
$611,000
Other Income
$6,550,000
Total
$65,006,000
Operating Expenses
Program
$38,268,000
Management and
General
General
$3,930,000
Development
$5,808,000
Total
$48,006,000
Assets
Cash and Equivalents
$60,135,000
Investments
$94,065,000
Fixed Assets
$30,862,000
Other Assets
$5,419,000
Total
$190,481,000
Liabilities and Net Assets
Liabilities
$3,405,000
Net Assets
$187,076,000
Total
$190,481,000