Rethink Priorities

Nonprofit profile at a glance

EIN
843896318
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
San Francisco, CA, USA
Phone
2026813090
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$20,599,841
Expenses
$20,378,936
Assets
$18,996,175
Liabilities
$3,928,031

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • Marcus Davis (CEO)
  • Peter Hurford Partial Year Co- (CEO)
  • Jaime Sevilla (CEO Epoch)
  • Nikolai Vetr (President)

Highest reported compensation

  • Tamay Besiroglu (Associate Director (Epoch)): $214,660 total reported compensation
  • Charlotte Stix (Head of AI Governance (Apollo)): $185,708 total reported compensation
  • Marcus Davis (CEO): $175,974 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2024

AI Policy and Strategy: In 2024, Rethink Priorities' (RP's) AI work was conducted by the Institute for AI Policy and Strategy (IAPS). A brief overview of IAPS' four main workstreams and 2024 accomplishments follows: (1) Compute policy work aims to explore novel interventions and strategic considerations for managing access to massive AI compute resources. In 2024, IAPS work on this area included publishing a landmark 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, working on a forthcoming (published in 2025) report on location verification for advanced AI chips, and publishing a report analyzing the potential impact of high-end consumer GPUs on the efficacy of US export controls on AI chips. The work has received significant interest from US policymakers. (2) Frontier Security work aims to identify concrete interventions to address AI-related threats to national defense and security and protect innovation. Accomplishments in 2024 include publications analyzing advanced AI companies' RSPs (responsible scaling plans) and providing recommendations, a systematic analysis of regulatory precedents from all federal agencies, an early warning system for dual-use capabilities which lays out info-sharing paths between AI companies, government, and critical defenders, publications examining safety R&D efforts by advanced AI labs and the role the UK government can play in leading AI assurance, multiple RFI responses on key topics regarding AI, and upcoming reports (published in 2025) on differential access for cybersecurity capabilities, and on promising directions in AI reliability R&D. (3) International Strategy work aims to study trends in international coordination and competition around advanced AI. In 2024, published research included advice on topics for AI Track IIs that minimize risks of leaking sensitive information, an analysis of the first wave of AI safety institutes and key questions for the international network of these institutes, as well as analysis of China including counterparts to AI safety institutes and a comparison of US and China's approaches to governing advanced AI. (4) IAPS programs department ran an AI policy fellowship with 13 fellows, who now hold relevant positions in advanced AI labs, US and UK government, and think tanks.

Operating model

Revenue model
Donor-supported. 87% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 71
  • Accountability: 71
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.9%; rating input score 78
  • Program expense ratio: 78.1%; rating input score 78
  • Fundraising efficiency: $31.93 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 8th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1.1%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0.93; rating input score 34; 34th percentile among comparable filings
  • Liabilities to assets ratio: 0.21; rating input score 58; 58th percentile among comparable filings
  • Officer compensation ratio: 8.6%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 59.1% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 41.9% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 40.6% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 77.9% of revenue deployed · 78.1% of spending went to programs
  • Governance: 4 of 8 board members independent · 9 of 9 filing controls reported
  • Programs: 6 filed program accomplishments · $15.9M in reported program spending
  • Leadership: top reported pay $215K · 23 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $335K reported
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 21 filed money-flow records
  • Related organizations: 7 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Independent voting board scored 50/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 58/100.