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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 2016 support ($4,373,093) came from philanthropic foundations (40%), business contributions (32%), donations from 1,660 individuals (14%), events (8%), investment revenue (1%), and publication sales and miscellaneous (4%). No donor contributed more than 12 percent of our revenue.

Our 2016 expenses ($4,233,214) were programs ($2.86 million, or 68%), fundraising and outreach to potential donors ($1.02 million, or 24%), and general and administrative ($0.35 million, or 8%).

Our 2017 budget approved by our Board of Directors projects $4.45 million in revenue and $4.43 million in expenses.

Below you can find our 990 Forms and Audited Financial Statements for recent years.

Note: 2017 audited financials will be posted in early fall of 2018.

Annual Reports

2017 Annual Report

2016 Annual Report

2015 Annual Report

We are one of the most trustworthy non-profits in Washington D.C.