There are five basic legal forms of business structures found in the United States: C corporations, S corporations, sole proprietorships, partnerships, and Limited Liability Companies (LLCs). In order to understand...
- About Us
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. We are honored to have received a Silver level commitment to transparency from Guidestar and three out of four stars from Charity Navigator.
In 2013, our total revenue ($3,024,393) consisted of support from philanthropic foundations (40%), corporate contributions (37%), donations from over 1,600 individuals (12%), and events revenue and miscellaneous (11%). No one donor contributed more than 14 percent of our revenue and, as a policy, we neither solicit nor receive financial support from any government entity. Our 2013 expenses ($2,469,668) consisted of $1.82 million (73%) spent on programs, $0.21 million (9%) on administrative costs, and $0.44 million (18%) on fundraising costs (in which we include donor outreach costs). Our 2014 budget is approximately $3.1 million. Support the Tax Foundation by clicking here!
Copies of our most recent Forms 990 and audited financial statements from 2004 to the present are available below.
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