Smithsonian Institute

Organization Overview

Smithsonian Institute is located in Washington, DC. The organization was established in 1924. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Smithsonian Institute employed 7,170 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smithsonian Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, Smithsonian Institute generated $1.8b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.4b during the year ending 09/2021. While expenses have increased by 1.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Smithsonian Institute has awarded 127 individual grants totaling $2,914,745. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

"INCREASE AND DIFFUSION OF KNOWLEDGE" IS THE MISSION SET FORTH BY JAMES SMITHSON.

Describe the Organization's Program Activity:

EDUCATION, PUBLIC PROGRAMS AND EXHIBITIONS (SEE SCHEDULE O)


RESEARCH AND COLLECTIONS (SEE SCHEDULE O)


MEMBERSHIP (SEE SCHEDULE O)


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Clarksmootconsigli A Joint Venture
Construction
$98,893,155
Universal Protection Service Lp
Security
$20,885,621
Dell Marketing Lp
Marketing
$5,608,467
100 Discovery Park De Llc
Real Estate
$4,652,746
Tc Pennsy Drive Llc
Real Estate
$7,904,344
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,527,783,787
Investment income $11,187,982
Tax Exempt Bond Proceeds $0
Royalties $12,307,816
Net Rental Income $853,626
Net Gain/Loss on Asset Sales $162,723,358
Net Income from Fundraising Events -$139,987
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $6,721,533
Miscellaneous Revenue$0
Total Revenue $1,804,763,983

Grants Awarded

Over the last fiscal year, Smithsonian Institute has awarded $599,528 in support to 26 organizations.

Grant RecipientAmount

CLARK ATLANTA UNIVERSITY INC

PURPOSE: ACADEMIC APPT. STIPENDS

$31,850

JACKSON STATE UNIVERSITY

PURPOSE: ACADEMIC APPT. STIPENDS

$52,050

FLORIDA A&M UNIVERSITY

PURPOSE: ACADEMIC APPT. STIPENDS

$31,850

UNIVERSITY OF MARYLAND

PURPOSE: ACADEMIC APPT. STIPENDS

$6,810

TEXAS SOUTHERN UNIVERSITY

PURPOSE: ACADEMIC APPT. STIPENDS

$31,850

UNIVERSITY OF MARYLAND AT COLLEGE PARK

PURPOSE: ACADEMIC APPT. STIPENDS

$35,000
View Grant Profile

Peer Organizations

Organization NameAssets
International Spy Museum
Washington, DC
$29,040,696
Mariners Museum
Newport News, VA
$9,515,563
National Building Museum
Washington, DC
$6,857,550
Chesapeake Bay Maritime Museum Inc
Saint Michaels, MD
$9,424,752
Science Museum Of Virginia Foundation Incorporated
Richmond, VA
$3,739,341
Annapolis Maritime Museum Inc
Annapolis, MD
$2,641,584
International Arts And Artists Inc
Washington, DC
$1,802,340
The Black History Museum And Cultural Center Inc
Richmond, VA
$1,399,102
The Hermitage Museum And Gardens
Norfolk, VA
$3,885,276
Keystone Tractor Museum Inc
Colonial Heights, VA
$750,033
Military Aviation Museum
Virginia Beach, VA
$1,718,673
Old Dominion University Museum Foundation
Norfolk, VA
$724,703
Virginia Museum Of Transportation Inc
Roanoke, VA
$784,467
Chinese American Museum Foundation
Washington, DC
$1,037,456
O Street Museum Foundation
Washington, DC
$1,217,379
Oyster Museum Inc
Chincoteague, VA
$1,740,569
National Great Blacks In Wax Museum
Baltimore, MD
$641,637
Project Liberty Ship Inc
Baltimore, MD
$1,695,410
Newseum Inc
Washington, DC
$716,803
Hagerstown Aviation Museum Inc
Hagerstown, MD
$1,755,142
Fire Museum Of Maryland Inc
Lutherville, MD
$495,381
Boxerwood Education Association Incorporated
Lexington, VA
$508,699
International Skydiving Museum & Hall Of Fame
Fredericksburg, VA
$732,108
Congressional Club Museum And Foundation
Washington, DC
$371,168
Insectarium And Butterfly Pavilion Inc
Arlington, VA
$379,388

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