Tax Foundation

Organization Overview

Tax Foundation is located in Washington, DC. The organization was established in 1990. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Tax Foundation employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tax Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Tax Foundation generated $6.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $5.7m during the year ending 12/2021. While expenses have increased by 6.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE TAX FOUNDATION IS THE NATION'S LEADING INDEPENDENT TAX POLICY NONPROFIT. SINCE 1937, OUR PRINCIPLED RESEARCH, INSIGHTFUL ANALYSIS, AND ENGAGED EXPERTS HAVE INFORMED SMARTER TAX POLICY AT THE FEDERAL, STATE, AND GLOBAL LEVELS. FOR OVER 80 YEARS, OUR GOAL HAS REMAINED THE SAME: TO IMPROVE LIVES THROUGH TAX POLICIES THAT LEAD TO GREATER ECONOMIC GROWTH AND OPPORTUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FEDERAL TAX POLICY - THIS PROGRAM PROMOTES SOUND TAX POLICIES IN WASHINGTON D.C. THE FOUNDATION PROVIDES OBJECTIVE DATA AND ANALYSIS ON TAX POLICIES, USING SEVERAL TOOLS, INCLUDING MODELING OF ECONOMIC AND BUDGETARY EFFECTS, RESEARCH AND WRITING, CAPITOL HILL BRIEFINGS, AND CONGRESSIONAL TESTIMONIES. THE FOUNDATION ESTABLISHED ITSELF AS THE GO-TO RESOURCE ON FEDERAL TAX ISSUES FOR POLICYMAKERS. IN 2021, DESPITE IN-PERSON LIMITATIONS, THE STAFF CONDUCTED MORE THAN 70 CAPITOL HILL MEETINGS AND BRIEFINGS, TESTIFIED THREE TIMES, AND PRODUCED DOZENS OF REPORTS AND BLOG POSTS ON A VARIETY OF ISSUES THAT RECEIVED 14,900 CITATIONS IN LEADING MEDIA OUTLETS.


MARKETING AND COMMUNICATION - THE FOUNDATION'S MARKETING TEAM MAKES TAX POLICIES ENGAGING AND ACCESSIBLE TO TAXPAYERS, LEGISLATORS, AND THE MEDIA THROUGH INNOVATIVE, MULTI-CHANNEL CAMPAIGNS. THE FOUNDATION'S TEAM DELIVERS HIGH-QUALITY CONTENT TO THE RIGHT PEOPLE, AT THE RIGHT TIME, IN A FORMAT THAT PROMOTES DEEPER UNDERSTANDING USING TOOLS LIKE SOCIAL MEDIA, DIGITAL ADVERTISING, INTERACTIVE WEB EXPERIENCES, AND EMAIL. IN 2021, THE FOUNDATION EARNED 30,725 MEDIA CITATIONS IN THE WORLD'S TOP NEWS OUTLETS, INCLUDING THE WALL STREET JOURNAL, THE WASHINGTON POST, THE NEW YORK TIMES, NBC NEWS, FOX NEWS, AND NPR-A 51 PERCENT INCREASE OVER 2020; ITS EXPERTS CONDUCTED 112 RADIO AND TV INTERVIEWS AND PLACED 22 OP-EDS; TAXFOUNDATION.ORG WAS VISITED 23.1 MILLION TIMES; ITS SOCIAL MEDIA ACCOUNTS EARNED 28 MILLION IMPRESSIONS AND GREW TO 89,347 TOTAL FOLLOWERS; ITS DIGITAL ADVERTISING RESULTED IN 22.2 MILLION IMPRESSIONS AND DROVE 1.9 MILLION VIDEO VIEWS; AND ITS EMAIL NEWSLETTER GREW TO 53,839 SUBSCRIBERS.


STATE TAX POLICY - THIS PROGRAM PROMOTES STATE TAX REFORM WITH COMPREHENSIVE ANNUAL REPORTS, RESEARCH, POLICY ANALYSIS, AND IN-DEPTH STATE-SPECIFIC STUDIES. IN 2021, THE FOUNDATION TESTIFIED OR PRESENTED TO OFFICIALS-MOSTLY VIRTUALLY-79 TIMES IN 28 STATES AND THE DISTRICT OF COLUMBIA. THE FOUNDATION IS OFTEN LOOKED TO BY LEGISLATORS, TAXPAYERS, AND THE MEDIA TO RECOMMEND TAX REFORM OPTIONS OR PROVIDE ANALYSIS OF TAX PLANS. THE FOUNDATION'S ANALYSIS AND STUDIES, SUCH AS THE STATE BUSINESS TAX CLIMATE INDEX, INFORM THE TAX REFORM DEBATE ACROSS THE COUNTRY AND HAVE BEEN CRUCIAL TO MAJOR TAX CHANGES IN MANY STATES. FOUNDATION EXPERTS WERE A VITAL RESOURCE TO POLICYMAKERS AND JOURNALISTS AS STATES NAVIGATED TAX POLICIES DURING THE PANDEMIC.


GLOBAL TAX REFORM - THIS PROGRAM WAS LAUNCHED IN 2018 IN ORDER TO PROMOTE PRO-GROWTH TAX POLICIES THROUGHOUT THE WORLD WITH A PRIMARY FOCUS ON EUROPE. THE GLOBAL TAX REFORM PRODUCES IN-DEPTH STUDIES OF ECONOMIC DATA AND USES A VARIETY OF MEASURES, SUCH AS THE INTERNATIONAL TAX COMPETITIVENESS INDEX, TO COMPARE TAX SYSTEMS. THE FOUNDATION'S EXPERTS HAVE PROVIDED BRIEFINGS IN COUNTRIES THROUGHOUT EUROPE AND ARE RELIED UPON BY MEDIA, POLICY MAKERS, AND OTHER POLICY GROUPS TO PROVIDE ANALYSIS OF TAX PROPOSALS THROUGHOUT THE WORLD. IN 2021, THE FOUNDATION'S WORK WAS CITED IN 107 COUNTRIES AND RECEIVED 5,800 INTERNATIONAL MEDIA CITATIONS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mvp Press Llc
Direct Mail & Printing Services
$220,661
Kpmg Llp
Research
$125,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$844,424
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,814,236
Noncash contributions included in lines 1a–1f $90,817
Total Revenue from Contributions, Gifts, Grants & Similar$6,658,660
Total Program Service Revenue$0
Investment income $68,470
Tax Exempt Bond Proceeds $0
Royalties $1,428
Net Rental Income $0
Net Gain/Loss on Asset Sales $74,203
Net Income from Fundraising Events -$291,633
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,514,082

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Tax Foundation has recieved totaling $1,700.

Awarding OrganizationAmount
Lff Foundation

Milwaukee, WI

PURPOSE: OPERATING EXPENSES

$1,000
Crawford Family Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$500
Biszantz Charitable Foundation Tr

Lexington, KY

PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION

$200
View Grant Recipient Profile

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