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By Connor Gibson for the Center for Media and Democracy. May, 2024.
Combined Finances of Koch-Controlled Organizations, 2018-2022
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Organization2018 Assets
(Year end, book value)
2018 Revenue2018 Expenses2018 grants & payments to other Koch-controlled organizations2019 Assets
(Year end, book value)
2019 Revenue2019 Expenses2019 grants & payments to other Koch-controlled organizations2020 Assets
(Year end, book value)
2020 Revenue2020 Expenses2020 grants & payments to other Koch-controlled organizations2021 Assets
(Year end, book value)
2021 Revenue2021 Expenses2021 grants & payments to other Koch-controlled organizations2022 Assets
(Year end, book value)
2022 Revenue2022 Expenses2022 grants & payments to other Koch-controlled organizations
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AmountOrganizationAmountOrganizationAmountOrganizationAmountOrganizationAmountOrganization
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AFP Action
FEC-registered Super PAC
$2,535,364$12,609,993$10,074,629$16,215Americans for Prosperity
(Other Federal Operating Expenditures)
$13,787,427$14,274,066$3,022,003$244,497Americans for Prosperity
(Other Federal Operating Expenditures)
$2,340,817$46,108,029$57,554,638$1,507,673Americans for Prosperity
(Other Federal Operating Expenditures)
$11,825,504$12,705,584$3,220,897-$75,908Americans for Prosperity
(Other Federal Operating Expenditures)
$1,039,861$65,809,548$76,595,191$565,291Americans for Prosperity
(Other Federal Operating Expenditures)
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$250,000The Seminar Network Chamber of Commerce
(Other Federal Operating Expenditures)
$11,000Americans for Prosperity
(Independent Expenditures)
$9,272,459Americans for Prosperity
(Independent Expenditures)
$151,520Americans for Prosperity
(Independent Expenditures)
$754,133Americans for Prosperity
(Other Disbursements)
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$334,063Americans for Prosperity
(Independent Expenditures)
$391,615Americans for Prosperity
(Other Disbursements)
$582,344Americans for Prosperity
(Other Disbursements)
$401,734Stand Together Chamber of Commerce
(Other Federal Operating Expenditures)
$2,596,640Americans for Prosperity
(Independent Expenditures)
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$3,053,179Stand Together Chamber of Commerce
(Other Federal Operating Expenditures)
-$1,458,194Stand Together Chamber of Commerce
(Other Federal Operating Expenditures)
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$133,685Stand Together Chamber of Commerce
(Other Disbursements)
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Americans for Prosperity$22,419,326$96,544,184$89,615,828$21,955,158$54,497,443$56,999,314$26,915Institute for Humane Studies$15,693,509$64,546,338$78,329,056-$396,676Americans for Prosperity Foundation$36,122,323$113,776,550$97,304,690$16,548,828$112,498,519$136,103,095-$20,386,222Stand Together Chamber
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-$654,084Stand Together Chamber
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Americans for Prosperity Foundation$7,842,841$17,280,403$18,836,165$726,692Americans for Prosperity$10,902,851$19,116,684$16,069,008$3,501,709Americans for Prosperity$11,876,629$12,068,022$7,252,643$3,342,462Americans for Prosperity$16,106,474$11,877,459$8,656,688$544,410Americans for Prosperity$27,546,733$18,766,045$8,087,796$917,126Stand Together Chamber
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$358,672Americans for Prosperity
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$200,000Cause of Action
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Believe in People, Inc.
FKA TSN Institute
$2,151,769$2,501,630$1,934,175$3,227,419$10,421,154$8,293,690$797,245Charles Koch Institute$188,577$52$2,370,232$2,350,000Americans for Prosperity$188,047$2,917$3,447$0$4,276,065,883$4,310,952,192$35,074,356$35,000,000Stand Together C4 Fund
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Bill of Rights Institute$2,847,132$4,747,366$4,940,502$3,695,781$5,746,237$5,281,873$3,832,880$6,780,579$6,709,418$5,390,472$9,362,557$7,971,975$6,457,032$7,687,126$8,120,588
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Capitol Leaders, Inc$668,780$104,623$410,129$224,432Seminar Network Chamber of Commerce$192,085$27,794$132,765$392,196Stand Together Chamber of Commerce$104,361$165$42,910$102,450$83$1,994UnknownUnknownUnknown
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Cause of Action Institute***$403,487$5,047,211$5,622,375$567,345$1,940,552$2,061,673$393,025$1,114,101$957,236$148,960$375,119$510,655$126,657$200,011$225,464
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CCKC4$37,532,558$37,543,368$10,810$37,142,000$8,937,270$10,324,041$10,000,000Charles Koch Foundation$1,259,204,996$1,246,385,728$15,735,697$1,278,082,464$69,570,660$98,630,671$85,000,000Stand Together Chamber of Commerce$1,191,152,556$45,978,927$125,635,580$65,000,000Stand Together C4 Fund
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$45,000,000Music C4
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Charles Koch Charitable Fund$115,000,000$115,000,000$0$135,497,042$6,125$485,000$175,000Institute for Humane Studies$137,716,127$13,641$7,563,290
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Charles Koch Foundation$728,800,065$168,272,468$147,240,478$10,416,000Institute for Humane Studies$550,602,542$66,719,973$156,476,061$2,500Americans for Prosperity Foundation$462,090,124$118,015,605$123,096,640$12,558Stand Together Foundation$813,753,220$68,721,556$103,570,855$200,000Bill of Rights Institute$793,723,219$572,988$66,311,762$10,625John Quincy Adams Society
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$189,500Mercatus Center$9,445Institute for Humane Studies$7,000Americans for Prosperity Foundation$4,580,000Institute for Humane Studies$300,000Vela Education Fund
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$750,000Bill of Rights Institute$3,664Institute for Humane Studies$630,490Institute for Humane Studies$10,625John Quincy Adams Society$5,500,000Institute for Humane Studies
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$3,937Institute for Humane Studies$410,000Institute for Humane Studies
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$5,231Institute for Humane Studies$650,000Stand Together Trust
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$6,632Institute for Humane Studies
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$35,038Institute for Humane Studies
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$4,872,996Institute for Humane Studies
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$4,563Institute for Humane Studies
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$3,650Institute for Humane Studies
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$4,094Institute for Humane Studies
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$3,937Institute for Humane Studies
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$2,500Americans for Prosperity Foundation
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$1,700,000Bill of RIghts Institute
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$2,000Youth Entrepreneurs
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$4,500Cause of Action
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$12,558Stand Together Foundation
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$2,500,000Stand Together Trust
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Chase Koch Foundation
FKA Chase & Annie Koch Foundation
$4,999,988$5,000,000$12$18,368,301$15,050,035$1,681,722$31,007,811$17,028,626$1,486,704$50,577,204$6,300,000$216,363$50,753,569$0$1,979,084
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David H. Koch Charitable Foundation$2,870,459$0$4,985$10,206,115$7,342,120$6,464$8,159,894$0$2,046,221$7,127,665$0$1,032,229$3,991,092$0$3,136,573
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Empowered (DBA)
AKA Youth Entrepreneurs**
$10,690,203$11,680,667$7,551,365$11,966,949$9,655,688$8,442,228$10,104,253$8,813,777$10,990,315$8,370,922$6,293,107$8,371,488$5,643,568$5,081,118$7,739,704
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Freedom Partners Action Fund
FEC-registered Super PAC
$6,474,000$8,778,125$7,826,352$5,000,000AFP Action$0$0$6,474,000$6,481,745Americans for Prosperity Action
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$90,150Freedom Partners Chamber of Commerce
(Other federal operating expenditures)
$18,000Freedom Partners Chamber of Commerce
(Stand Together Chamber of Commerce)
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Institute for Humane Studies*$9,848,348$18,706,083$18,438,265$10,576,746$9,122,769$18,124,605$15,087,210$21,122,878$17,003,146$15,952,921$17,706,428$16,509,635$19,221,469$20,882,389$17,067,802
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John Quincy Adams Society$575,048$810,677$311,342$520,228$500,418$304,811$774,246$544,056$305,773$418,000$44,916$374,230$906,144$1,166,377$745,295
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Knowledge and Progress Fund$14,574,365$1,250,963$309,649$14,209,754$770,252$323,466$14,219,688$3,098,639$496,712$24,018,033$9,303$101,693$1,345,413$0$23,570,997
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Koch Cultural Trust$43,374$150,009$125,332$41,393$120,000$115,724$58,230$120,000$151,047$46,131$115,000$92,520$42,314$125,000$133,699
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Koch Family Foundation
FKA Fred C. & Mary R. Koch Foundation
$17,461,764$2,119,150$2,713,955$14,026,669$1,409,444-$1,913,918$190,500Bill of Rights Institute$12,125,540$3,867,217$2,396,830$145,000Bill of Rights Institute$20,833,143$708,384$1,955,103$110,000Koch Cultural Trust$19,989,519$833,000$2,567,268
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$120,000Koch Cultural Trust$120,000Koch Cultural Trust$500,000Youth Entrepreneurs
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$500,000Youth Entrepreneurs$500,000Youth Entrepreneurs
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Koch PAC
FEC-registered political action committee
$1,917,486$2,089,919$2,373,402None$2,301,704$2,048,421$1,664,204None$2,290,769$1,805,599$1,816,534$2,745,435$1,848,167$1,393,501None$2,497,769$1,891,037$2,138,702None
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Mercatus Center*$23,073,307$28,688,582$28,875,237$22,931,599$30,795,148$30,401,944$43,397,524$71,902,379$57,876,827$39,656,481$50,050,104$48,712,721$43,899,623$50,106,510$45,086,723
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Music C4
FKA Human Benefit Institute
FKA Believe in People, Inc

(Not to be confused with the
other Believe in People, Inc above)
$45,000,000$45,000,000$0
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Stand Together C4 Fund$22,599,730$100,000,000$77,400,730$36,000,000Americans for Prosperity
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$40,000,000Stand Together Chamber of Commerce
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$1,400,000Yes Every Kid
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Stand Together Chamber of Commerce

FKA The Seminar Network Chamber of Commerce
$59,601,883$159,728,763$162,813,339$81,000,000Americans for Prosperity$93,530,806$192,395,520$161,224,109$40,000,000Americans for Prosperity$136,351,867$204,330,493$170,671,786$40,000,000Americans for Prosperity$220,861,452$325,758,897$244,294,486$102,000,000Americans For Prosperity$292,599,986$274,970,971$261,416,888$60,000,000Americans for Prosperity
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$2,500,000TSN Institute$4,000,000TSN Institute$4,500,000Yes Every Kid$2,000,000Yes Every Kid$26,500,000AFP Action
(Corroboration via FEC)
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$2,000,000Yes Every Kid-$668,447Stand Together Foundation$6,939Institute for Humane Studies$2,800,000Yes Every Kid
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$361,339TSN Institute$3,840,460Americans for Prosperity
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-$201,445AFP Foundation
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Stand Together Fellowships (DBA)

AKA Charles Koch Institute
$350,550,999$60,913,751$25,697,704$10,000Cause of Action Institute$385,547,571$20,830,118$14,868,783$12,000Americans for Prosperity Foundation$364,176,510$9,154,321$54,614,401$12,000Americans for Prosperity Foundation$404,108,851$1,636,185$54,091,195$1,000,000Bill of Rights Institute$418,635,336$1,634,855$4,682,428$11,656John Quincy Adams Society
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$5,750Americans for Prosperity Foundation$1,500,000Bill of Rights Institute$7,656John Quincy Adams Society
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$12,000Institute for Humane Studies
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Stand Together Foundation

FKA Stand Together, Inc
$22,411,820$37,243,786$28,513,042$250,000Youth Entrepreneurs$36,368,503$54,934,725$45,265,938$950,000Stand Together Chamber
(SALE OF ASSETS - omitted from revenue/expense calculations, subtracted from combined 2019 assets)
$244,539,252$260,533,997$48,081,511$771,431Stand Together Chamber of Commerce$356,024,837$140,091,131$35,383,760-$150,000Stand Together Trust$360,482,642$26,989,721$60,493,684-$100,000Stand Together Trust
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$2,661,996Stand Together Chamber of Commerce$250,000Youth Entrepreneurs
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Stand Together PAC
FEC-registered Super PAC
$400$3,100$2,700
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Stand Together Trust (DBA)

AKA The Seminar Network, Inc
$102,264,595$75,081,933$6,551,900$2,670,000Americans for Prosperity Foundation$85,284,335$23,531,841$45,591,475$12,775,573Americans for Prosperity Foundation$136,514,195$104,032,743$41,111,947$6,580,395Americans for Prosperity Foundation$360,026,954$278,674,897$60,578,305$4,040,000Institute for Humane Studies$364,746,712$63,933,238$124,216,223-$200,000Charles Koch Foundation
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$475,000Bill of Rights Institute$350,000Bill of Rights Institute$2,621,434Bill of Rights Institute$7,500,000Americans for Prosperity$7,885,000Americans for Prosperity Foundation
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$2,250,000Cause of Action Institute$4,000,000Cause of Action Institute$1,100,000Cause of Action Institute$3,996,444Bill of Rights Institute$4,457,781Bill of Rights Institute
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$363,113Stand Together, Inc
(Stand Together Foundation)
$3,455,500Stand Together Foundation$1,787,500Stand Together Foundation$749,980Charles Koch Foundation$1,092,005John Quincy Adams Society
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$1,570,000Youth Entrepreneurs$462,500Youth Entrepreneurs$2,094,898Stand Together Foundation$155,655Stand Together Fellowships
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-$850,000Charles Koch Foundation$400,000Charles Koch Foundation$375,000Cause of Action Institute$344,344Stand Together Fellowships
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$705,000Institute for Humane Studies$3,064,867VELA Education Fund$913,208Youth Entrepreneurs$2,015,500Stand Together Foundation
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$158,500Mercatus Center$500,000Yes Every Kid Foundation$7,915,000Vela Education Fund$6,340,018VELA Education Fund
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$2,350,000Americans for Prosperity$2,010,000Yes Every Kid Foundation
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$1,365,034Youth Entrepreneurs
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VELA Education Fund$1,305,580$4,570,982$3,418,383$154,500Youth Entrepreneurs$4,855,969$13,247,569$9,974,271$112,578Stand Together Chamber of Commerce$8,295,380$16,079,595$14,996,723
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Yes Every Kid FoundationUnknownUnknownUnknown$415,761$500,794$85,033$224,240$200$191,721$170,959$2,010,281$2,187,488$123,969Yes Every Kid
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[Excluding $218,048 transaction with YEK, listed as shared employees]
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Yes Every Kid, Inc$686,419$2,076,549$1,501,181$2,322,618$4,529,465$3,069,200$941,039$2,506,289$4,027,988$463,013$4,460,931$4,949,278
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Unlikely Giving
FKA Zero Zero One, Inc

(NOT INCLUDED AFTER 2021)
$92,210,834$92,237,152$26,318$86,532,096$43,726,796$51,046,699$10,000,000Charles Koch Foundation$261,491,618$201,245,688$25,132,400$296,480,303$56,363,793$20,919,352N/AN/AN/A
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$5,500,000Charles Koch Institute
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Gross Totals $1,524,769,795$849,130,806$570,817,289$110,020,914$1,435,171,795$595,991,017$643,783,863$115,529,240$3,155,067,884$2,527,223,373$732,805,940$89,431,689$4,110,486,536$1,187,752,980$828,577,434$224,409,085$8,111,661,134$5,177,644,020$1,118,226,412$330,603,964
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Net Totals $739,109,892$460,796,375$3,894,210,938$1,434,221,795$480,461,777$528,254,623$2,437,791,683$643,374,250$963,343,896$604,168,349$4,847,040,056$787,622,448
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Gross charitable totals:$47,787,405$44,512,945$31,357,326$79,010,981$78,856,324$45,155,930$295,890,727$281,549,840$54,162,313$434,608,980$147,214,515$38,679,975$435,259,136$27,947,721$68,310,308
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Gross political & policy influence totals:$1,476,982,390$804,617,861$539,459,963$1,356,160,814$517,134,693$598,627,933$2,859,177,157$2,245,673,533$678,643,627$3,675,877,556$1,040,538,465$789,897,459$7,676,401,998$5,149,696,299$1,049,916,104
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*990s are filed for the fiscal year (July 1 - June 30) for Mercatus and IHS. The most recent published 990 for each spans from July 1, 2020 - June 30, 2021.
This is not an official "net assets" calculation: This sum represents combined gross assets in 2019, minus an asset-related transaction disclosed between ST Chamber and ST Foundation. This number does not account for liabilities disclosed on each org's respective balance sheet.
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**Youth Entrepreneurs 990s were filed for the fiscal year through June 30, 2020. The organization changed to the calendar year in 2021, according to one of its financial officers. 2019 numbers are from YE's 2018-2019 fiscal year. 2020 numbers are from YE's 2019-2020 fiscal year. 2021 numbers are from its 2021 calendar year 990.
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**Cause of Action Institute 990s were filed for the fiscal year through June 30, 2019. The organization changed its filings to the calendar year in 2020, thus filing a 2019 990 that covered the six-month period from July 1, 2019 - December 31, 2019, which matches information for 2019 provided in its 2020 990 filing.
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Created by Connor Gibson for the Center for Media and Democracy