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Financials

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 2017 support ($5,324,219) came from philanthropic foundations (38%), business contributions (29%), donations from 1,862 individuals (14%), events (15%), investment revenue (1%), and publication sales and miscellaneous (3%). No donor contributed more than 15 percent of our revenue.

Our 2017 expenses ($4,869,096) were programs ($3.40 million, or 69%), fundraising and outreach to potential donors ($1.12 million, or 24%), and general and administrative ($0.35 million, or 7%).

Our 2018 budget approved by our Board of Directors projects $5.05 million in revenue and $4.99 million in expenses.

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

 


Annual Reports

2017 Annual Report

2016 Annual Report

2015 Annual Report

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