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 receive a four-star rating from Charity Navigator, their highest rating, for our internal fiscal responsibility and accountability in operations.

We are also honored to receive a gold-level rating from Guidestar, their highest rating, for our commitment to organizational transparency.

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