The Institution of Analysts and Programmers was incorporated as a company limited by guarantee on 8th October 1992, under the Companies Act 1985. It was registered as a charity in England and Wales in 2018.

The company has no share share capital and operates on a not-for-profit basis. The guarantors of the company are its members (and those whose membership has ceased within the last twelve months). Each guarantor is liable to pay up to £1 sterling in the event of the Institution being wound up.

The Institution is ultimately governed by its Memorandum and Articles of Association, which were last revised on 16th November 2017:-

The Trustee Board maintains Ordinances and Standing Orders, along with other regulations, that govern the operation of the body within the confines prescribed by its Articles of Association.