In 2005, the Cato Institutes revenues amounted to over 22.4 million, with approximately 80 percent of the funding coming from individual donations, and another 8 percent from cooperations. It is classified as a tax-exempt educational foundation, falling under Section 501(c)3 of the [[Internal Revenue Code]]. | In 2005, the Cato Institutes revenues amounted to over 22.4 million, with approximately 80 percent of the funding coming from individual donations, and another 8 percent from cooperations. It is classified as a tax-exempt educational foundation, falling under Section 501(c)3 of the [[Internal Revenue Code]]. |