The Lacuna Project

lacuna (n.) a gap in a record where something should be

Independent research. Not affiliated with any government, agency, or company.

Exhibit 837

National Endowment for Democracy audited financial statements and Form 990, fiscal year ended 30 September 2023

Exhibit 837 · Audited financial statements and tax return

National Endowment for Democracy audited financial statements and Form 990, fiscal year ended 30 September 2023

substantially all of the Endowment’s revenue was related to appropriations and grants from the U.S. government.

Note 5: FY2023 congressional appropriation received from the State Department $315,000,000; total awards $333,680,861. Statement of activities: U.S. government grant revenue $362,047,237; total expenses $363,214,993. Schedule I lists grants to the four core institutes: International Republican Institute $39,199,882; National Democratic Institute $33,422,549; Solidarity Center $28,701,508 and American Center for International Labor Solidarity $7,286,496 (same EIN); Center for International Private Enterprise $24,024,205 and $9,727,120 (same EIN). Researcher's sum for the four institutes: $142,361,760, or 39.2 percent of total expenses. Whether the paired lines are separate grants is not stated.

Source
National Endowment for Democracy
Date
Fiscal year ended 30 September 2023
Quoted from
Note 6, Concentrations of Revenue
Grade
Primary record
Document
https://www.ned.org/wp-content/uploads/2025/08/National-Endowment-for-Democracy-FY-2023.pdf
Accessed
2026-11-09
Cited by
Findings citing this exhibit

Cited by

Finding POL-6.13
Primary record The National Endowment for Democracy Act of 1983 defines NED as a private nonprofit corporation that is not an agency of the U.S. Government, lists exchanges with "the two major American political parties, labor, and business" among its purposes, and subjects NED and its grantees to congressional oversight. The State Department paid NED congressional appropriations of $315,079,941 for fiscal 2022, $315,000,000 for 2023, $315,249,800 for 2024 and $315,860,780 for 2025.
Finding POL-6.14
Primary record NED's Form 990 lists grants to its four core institutes, the International Republican Institute, the National Democratic Institute, the Center for International Private Enterprise and the Solidarity Center, of $142.4 million in fiscal 2023 and $135.9 million in fiscal 2024, 39 and 38 percent of total expenses. The Republican and Democratic institutes received $39.2 million and $33.4 million in 2023 and $35.4 million and $32.8 million in 2024.