Civic Intelligence

Rethink Priorities

990 • Fiscal year 2023 • EIN 84-3896318

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

530 Divisadero Street PMB 796San Francisco, CA 94117

(202) 681-3090

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

37th percentile

0.09x

Higher debt load relative to assets than 37% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

22nd percentile

0.07x

Higher debt load relative to revenue than 22% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

83rd percentile

31%

Higher net margin than 83% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

46th percentile

$168,662

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

88th percentile

41%

Faster asset growth than 88% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

90th percentile

64%

Faster revenue growth than 90% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$16,266,409

Up $4,740,114 (+41%) from 2022

Net Assets

Up

$14,847,239

Up $4,471,109 (+43%) from 2022

Liabilities

Up

$1,419,170

Up $269,005 (+23%) from 2022

Revenue

Up

$20,897,904

Up $8,138,760 (+64%) from 2022

Expenses

Up

$14,326,795

Up $6,591,816 (+85%) from 2022

Net Income

Up

$6,571,109

Up $1,546,944 (+31%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2019: $1Liabilities 2019: $02019Assets 2020: $1,680,135Liabilities 2020: $0Net Assets 2020: $1,680,1352020Assets 2021: $6,374,075Liabilities 2021: $1,022,110Net Assets 2021: $5,351,9652021Assets 2022: $11,526,295Liabilities 2022: $1,150,165Net Assets 2022: $10,376,1302022Assets 2023: $16,266,409Liabilities 2023: $1,419,170Net Assets 2023: $14,847,2392023Assets 2024: $18,996,175Liabilities 2024: $3,928,031Net Assets 2024: $15,068,1442024

Highlighted filing

2023

Assets$16,266,409
Liabilities$1,419,170
Net Assets$14,847,239

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $2,165,350Expenses 2020: $485,215Net Income 2020: $1,680,1352020Revenue 2021: $5,702,287Expenses 2021: $2,030,457Net Income 2021: $3,671,8302021Revenue 2022: $12,759,144Expenses 2022: $7,734,979Net Income 2022: $5,024,1652022Revenue 2023: $20,897,904Expenses 2023: $14,326,795Net Income 2023: $6,571,1092023Revenue 2024: $20,599,841Expenses 2024: $20,378,936Net Income 2024: $220,9052024

Highlighted filing

2023

Revenue$20,897,904
Expenses$14,326,795
Net Income$6,571,109
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.1
Gross Receipts
$21,916,742
Mission and Program Overview

Mission

Rethink Priorities mission is to bridge the gap between charitable interventions and the most neglected causes by providing expedited, professional research valuable to the non-profit sector on an ongoing basis in the areas of animal welfare, existential risk mitigation, mental health, and global health and development.

Rethink Priorities' mission is to support organizations, researchers, and changemakers in efforts to generate the most significant possible charitable impact for others in the present and the long-term future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,028,508$7,777,438▲ $2,748,930
Pledges and Grants Receivable$247,048$6,967,840▲ $6,720,792
Cash and Non-Interest-Bearing Accounts$5,560,589$1,397,961▼ $4,162,628
Accounts Receivable$690,150$123,170▼ $566,980
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$11,526,295$16,266,409▲ $4,740,114
Other Assets Total-$0-
Liabilities
Deferred Revenue$1,061,188$704,953▼ $356,235
Other Liabilities-$400,000-
Accounts Payable and Accrued Expenses$88,977$314,217▲ $225,240
Total Liabilities$1,150,165$1,419,170▲ $269,005
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,621,656$13,868,903▲ $6,247,247
Net Assets Without Donor Restrictions$2,754,474$978,336▼ $1,776,138
Total Net Assets Fund Balance$10,376,130$14,847,239▲ $4,471,109
Total Liabilities and Net Assets / Fund Balance$11,526,295$16,266,409▲ $4,740,114
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marcus Davis Co-CEODirectorFT$144,922$23,740$168,662
Samara MendezSenior EconomistFT$130,985$34,946$165,931
Abraham RoweCOOFT$140,366$19,245$159,611
Peter Hurford Co-CEOFT$147,892$11,513$159,405
William McAuliffeSenior ResearcherFT$120,683$26,628$147,311
Greer GosnellSenior ResearcherFT$130,236$9,467$139,703
Amanda El-DakhakhniSnr. Research Mgr.FT$130,660$6,283$136,943
Melanie BasnakSenior ResearcherFT$120,683$11,473$132,156
Elysha PngDirector-$12,079-$12,079
Abi Olvera SecretaryDirectorPT$10,698-$10,698

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Remote Technology Services Inctech. services1209 Orange St, Wilmington, DE 19801$280,870
Revenue and Support

Revenue Composition

Contributions and Grants
$18,971,388
Program Service Revenue
$1,693,680
Investment Income
$232,684
Other Revenue
$152
All Other Contributions
$18,971,388
Change in Net Assets
$6,571,109

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,897,904
Total Revenue per Audited Statements
$20,897,904
Total Revenue per Form 990
$20,897,904
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,646,241
Other Expenses$3,653,988
Total Fundraising Expense$459,271
Grants and Similar Amounts Paid$26,566
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,391,147$1,723,615$268,572$8,383,334
Fees for Services Other$971,399$655,819$68,279$1,695,497
Payroll Taxes$967,075$251,425$34,530$1,253,030
Travel$680,073$175,435$31,152$886,660
Current Officers, Directors, Trustees, and Key Employees$253,630$239,003$17,823$510,456
Other Employee Benefits$208,736$81,287$8,927$298,950
Pension Plan Contributions$134,639$58,948$6,884$200,471
Information Technology$47,507$129,884$14,455$191,846
Fees for Services Legal-$152,734$312$153,046
Other Expenses$67,847$2,568$858$67,847
Insurance$11,760$30,310$789$42,859
Occupancy$1,384$28,134-$29,518
Grants to Domestic Orgs$26,566--$26,566
Office Expenses$20,264$2,822$35$23,121
Fees for Services Accounting-$21,735-$21,735
Fees for Services Lobbying$551--$551
Total Functional Expenses$10,277,471$3,590,053$459,271$14,326,795

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,326,795
Total Expenses per Audited Statements$14,326,795
Total Expenses per Form 990$14,326,795
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Open Collective FoundationCovina, CA501(c)(3)research project support$26,566

International Summary

Employees
629
Spending
$9,251,296

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe/Iceland/GreenlandProgram servicesRemote research0138$5,018,063
Europe/Iceland/GreenlandOperational support-0138$2,069,786
South AmericaCommunity outreach-09$399,602
East Asia/PacificProgram servicesRemote research011$384,928
North AmericaProgram servicesRemote research011$308,568
North AmericaOperational support-011$298,351
South AmericaProgram servicesRemote research09$292,738
Europe/Iceland/GreenlandFundraisingRemote research0138$278,588
East Asia/PacificOperational support-011$93,471
Europe/Iceland/GreenlandCommunity outreach-0138$80,796
Middle East/North AfricaProgram services-02$22,690
Middle East/North AfricaOperational support-02$2,971
East Asia/PacificFundraising-011$744
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rescinded Contributions Liability$400,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

Yes - our charitable purposes and mission were updated (to the version outlined above), as were rules on board member compensation (to allow us to pay a board member up to a few hours a week to help administer to duties of the board).

Form 990, Part VI, Section B, Line 11B

The board of directors will electronically review Form 990 and audited financial statements prior to submission. Submission will only occur upon majority vote by the board of directors.

Form 990, Part VI, Section B, Line 12C

All staff and board members declare conflicts of interest annually. Prior to financial decisions and programmatic decisions, conflicts are reviewed and adressed as relevant. Restrictions include TDOKEs recusing themselves from decision making processes.

Form 990, Part VI, Section B, Line 15A

Salaries for comparable roles at all levels of RP's title structure were pulled from similar organizations. RP uses a formula for setting most compensation, and exec compensation was compared to these salaries, with a target of salaries falling between the 25th and 75th percentile. Executive salaries are independently reviewed and approved by the board. This process occurred in 2023.

Form 990, Part VI, Section B, Line 15B

Salaries for comparable roles at all levels of RP's title structure were pulled from similar organizations. RP uses a formula for setting most compensation, and staff compensation was compared to these salaries, with a target of salaries falling between the 25th and 75th percentile. This process occurred in 2023.

Form 990, Part VI, Section C, Line 19

Governing documents and the conflict of interest policy are available upon request. Financial statements are available on the organization's website.

Filing and Contact Details

Filer

Filer Name
Rethink Priorities
EIN
84-3896318
Phone
2026813090
Address
530 Divisadero Street PMB 796, San Francisco, CA 94117

Signing Officer

Name
Marcus Davis Co-CEO
Title
Director
Signed
2024-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marcus Davis
Formed
2019
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
4
Employees
43
Volunteers
2

Preparer

Firm
Cook & Company A Prof Actcy Corporation
Address
One Sansome St Ste 3500, San Francisco, CA 94104
Preparer
Douglas Cook PhDMPACPA
Phone
4156211112
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

OTHER PROGRAM SERVICES 4: Surveys and Data Analysis: Rethink Priorities' (RP's) Surveys and Data Analysis Department supported work in a variety of high priority causes in 2023 through conducting surveys, polling, other forms of psychological and behavioral experiments and focus groups, and data analysis. In the last two years, the team has completed over 100 projects in total, including small-scale consultations and analyses (more than 60 in 2023 alone). Of these, 42 were survey projects (some involving multiple surveys), 47 were data analysis projects, and 17 were private consultations on statistics or methodology. Some highlights include: Polling public attitudes towards important contemporary issues, such as risks associated with Frontier AI systems; Message testing to examine which messages, frames, and brandings lead to the highest levels of support for different causes among different groups; Running experiments for a number of different orgs to assess the effectiveness of different advertisements; Analyzing data for various organizations to help them have a higher impact; Conducting and consulting on academic research projects on topics such as wild animal welfare and human challenge trials. In 2023, RP published 15 reports online, sharing the results of several survey and data analysis projects. The team also supported some of RP's internal work in global health and development and animal welfare. OTHER PROGRAM SERVICES 5: Global Health and Development: Rethink Priorities' (RP's) Global Health and Development (GHD) Department conducts high quality research on important global health, international development, and climate issues and uses its research to influence relevant stakeholders, such that they move resources towards more cost-effective interventions to ultimately increase wellbeing in lower- and middle- income countries (LMICs). GHD completed ~30 reports in 2023 on topics such as mental health, climate change, and medicine in the developing world. GHD also significantly expanded its work with GiveWell in 2023 as well as formally launched its consulting services work. The GHD team also hosted a global health and development strategy forum, an event which brought together ~20 different stakeholders from the EA GHD community, and they hosted a series of roundtable discussions with other EA organizations doing work in the climate space. OTHER PROGRAM SERVICES 6: Special Projects: RP's Special Projects (SP) team supports priority projects that RP fiscally sponsors, incubates, or directly launches. Since the SP program launched in July 2022, some notable achievements include: 71 fiscal sponsorship expressions of interest received; 12 projects supported; $5.1m total direct costs of supported projects in 2023 alone; 7 sponsee hiring rounds completed; 71 sponsee staff onboarded (total) of which 42 sponsee staff recruited directly by SP; 20 visa sponsorship applications (UK & US); 8 in-person events; 23 days of on-site event support; and 219 total event attendees. In 2023, the following projects were fiscally sponsored or incubated at RP: Epoch, Existential Risk Alliance (ERA), Apollo Research, Effective Altruism Consulting Network (EACN), Quantified Uncertainty Research Institute (QURI), Condor Camp, The Insect Institute, and Insect Welfare Research Society. The SP team also supported founder search for field building for AI Policy and provided event planning services to the Cooperative AI Foundation. OTHER PROGRAM SERVICES 7: Worldview Investigations - Rethink Priorities' (RP's) Worldview Investigations Team (WIT) exists to improve resource allocation by focusing on tractable, high-impact questions that bear on philanthropic priorities. WIT builds on RP's work as a multi-cause, stakeholder-driven research organization and aims to take action-relevant philosophical, methodological, and strategic problems and turn them into manageable, modelable problems. RP formally launched WIT in January 2023. Some of the research rep

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IRS990/Form990PartVIISectionAGrp/PersonNm14Nikolai Vetr President
IRS990/Form990PartVIISectionAGrp/PersonNm15Niel Bowerman
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IRS990/ProgSrvcAccomActy2Grp/Desc0Animal Welfare: Rethink Priorities' (RP's) Animal Welfare (AW) Department aims to be a leading hub of research and innovation to accelerate the end of factory farming and reduce the suffering of other animals. Through work spanning independent research, consulting services, and applied projects, the team supports advocacy organizations, philanthropic foundations, and other actors to drive evidence-based and reason-driven change for animals. Some notable accomplishments from the Animal Welfare department over the course of the year include: publication of our research about the potential effects of plant-based alternatives in replacing animal-based products and our findings on the role of price, taste, and convenience in driving food choice; continued efforts to lead EU policy reform with an EU farmed fish policy reform roadmap brief; success in launching The Insect Institute by building an academic community around insect welfare through research and dissemination activities, with fifteen academics and six students collaborating with us and another seventeen academics expressing interest for future work; convening the Animal Advocacy Strategy Forum to provide an annual space for leaders of animal advocacy organizations to strategize together and strengthen the movement; and estimating that shrimp production for human food is more important in scale-i.e., in the number of individuals affected?than the problem of insect farming, wild fish captures, or the farming of any other vertebrates used for human consumption.
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IRS990/ProgSrvcAccomActy3Grp/Desc0AI Policy and Strategy: In 2023, Rethink Priorities' (RP's) AI Governance and Strategy Department launched into a new think tank called Institute for AI Policy and Strategy (IAPS). A brief overview of IAPS' four main workstreams and 2023 accomplishments follows: (1) Compute governance work aims to establish a firmer empirical and theoretical grounding for the fledgling field of compute governance, to inform ongoing policy processes and debates, and to develop more concrete technical and policy proposals. In 2023, RP published a report on AI chip smuggling into China, prominently mentioned in The Times online newspaper. RP also co-authored a forthcoming paper with the Center for a New American Security (CNAS) focused on using on-chip governance mechanisms to manage national security risks from AI and advanced computing. Both of these above-mentioned reports have received positive feedback and interest from researchers and senior US policymakers. The authors have been asked to deliver briefings on their findings to audiences, including through roundtable discussions co-hosted by CNAS and in the Foundation for American Innovation's podcast. (2) Lab governance work aims to identify concrete interventions that could improve the safety, security, and governance of frontier AI labs' systems via voluntary lab commitments, standards, or regulations. Program accomplishments from 2023 include publications which describe how frontier AI developers can respond to risks discovered after deployment of a model through a toolkit of "deployment corrections expansion on previous cybersecurity work to provide a wide-ranging yet actionable framework for risk management of emerging threats from AI; and, working with the Centre for the Governance of AI (GovAI) to examine the risks and benefits of open-sourcing in highly capable foundation models. (3) AI regulations work aims to focus on US AI standards, regulations, and legislation, using methods including case studies from other sectors. Some highlights from 2023 include the production of a series of outputs drawing lessons from risk management and regulation in other sectors and co-authoring on a forthcoming paper about Managing AI Risks in an Era of Rapid Progress. (4) China & international governance work aims to to improve decisions at the intersection of AI governance and international governance or China. Work was conducted on questions related to international governance regimes for frontier AI, China-West relations concerning AI, and relevant technical and policy developments within China. Some highlights from 2023 include working with GovAI on a report on international AI safety dialogues and working with the Centre for the Study of Existential Risk (CSER) on a forthcoming report on possible risks from AI alignment efforts and how to avoid them.
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