Funding and Structure
The Cato Institute is classified as a 501(c)(3) organization under U.S. Internal Revenue Code. The Institute performs no contract research and does not accept government funding. For revenue, the Institute is largely dependent on private contributions.
According to its annual report, the Cato Institute had fiscal year 2008 income of $24 million. The report notes that 77% of Cato's income that year came from individual contributions, 13% from foundations, 2% from corporations, and 8% from "program and other income" (e.g., publication sales, program fees).
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“Slumism is the pent-up anger of people living on the outside of affluence. Slumism is decay of structure and deterioration of the human spirit. Slumism is a virus which spreads through the body politic. As other “isms,” it breeds disorder and demagoguery and hate.”
—Hubert H. Humphrey (1911–1978)