Annual Reports and Funding

The Tax Foundation is an independent 501(c)(3) non-partisan, non-profit organization founded in 1937. We have no endowment and must raise our budget to support our programs each year. As a policy, we neither solicit nor receive financial support from any government entity.

Our 2014 revenue ($3,675,132) consisted of support from philanthropic foundations (42%), corporate contributions (40%), donations from over 1,600 individuals (10%), and events revenue and miscellaneous (8%). No one donor contributed more than 12 percent of our revenue.

Our 2014 expenses ($2,971,778) consisted of $2.22 million (75%) spent on programs, $0.20 million (7%) on administrative costs, and $0.55 million (19%) on fundraising costs (in which we include donor outreach costs). Our 2015 budget is $4 million. Support the Tax Foundation by clicking here!

We are honored to be a Guidestar Exchange silver-level transparency commitment recipient and a Charity Navigator three-star overall and four-star on accountability and transparency.

Copies of our most recent Forms 990 and audited financial statements from 2004 to the present are available below.