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.