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 12/2023, Tax Foundation employed 46 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 12/2023, Tax Foundation generated $7.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $7.0m during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 6 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

2023

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 POLICY IN WASHINGTON D.C. THE FOUNDATION PROVIDES OBJECTIVE DATA AND ANALYSIS ON TAX POLICY, USING SEVERAL TOOLS, INCLUDING MODELING OF ECONOMIC AND BUDGETARY EFFECTS, RESEARCH AND WRITING, CAPITOL HILL BRIEFINGS, AND CONGRESSIONAL TESTIMONY. THE FOUNDATION HAS ESTABLISHED ITSELF AS THE GO-TO RESOURCE ON FEDERAL TAX ISSUES FOR POLICYMAKERS. IN 2023, THE STAFF CONDUCTED MORE THAN 60 CAPITOL HILL MEETINGS, BRIEFINGS, AND PRESENTATIONS TO VARIOUS PUBLIC AUDIENCES, TESTIFIED 7 TIMES BEFORE CONGRESSIONAL COMMITTEES, AND PRODUCED DOZENS OF REPORTS AND BLOG POSTS ON A VARIETY OF ISSUES THAT RECEIVED 13,500 CITATIONS IN LEADING MEDIA OUTLETS.


GLOBAL TAX REFORM - WAS LAUNCHED TO PROMOTE PRO-GROWTH TAX POLICIES THROUGHOUT THE WORLD WITH A PRIMARY FOCUS ON EUROPE. THE GLOBAL PROGRAM 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 2023, THE TAX FOUNDATION'S WORK WAS CITED IN 83 COUNTRIES AND RECEIVED NEARLY 4,500 INTERNATIONAL MEDIA CITATIONS.


MARKETING AND COMMUNICATION - THE FOUNDATION'S MARKETING TEAM MAKES TAX POLICY 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 2023, THE FOUNDATION EARNED 22,700 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; ITS EXPERTS CONDUCTED 68 RADIO AND TV INTERVIEWS AND PLACED 41 OP-EDS; TAXFOUNDATION.ORG WAS VISITED 17.8 MILLION TIMES; ITS SOCIAL MEDIA AUDIENCE GREW 9 PERCENT TO 109,013 TOTAL FOLLOWERS; ITS DIGITAL ADVERTISING RESULTED IN 12.1 MILLION IMPRESSIONS AND DROVE 176,578 VIDEO VIEWS; AND ITS EMAIL NEWSLETTER GREW 6 PERCENT TO 61,604 SUBSCRIBERS.


STATE TAX POLICY - THIS PROGRAM PROMOTES STATE TAX REFORM WITH COMPREHENSIVE ANNUAL REPORTS, RESEARCH, POLICY ANALYSIS, AND IN-DEPTH STATE-SPECIFIC STUDIES. IN 2023, THE FOUNDATION TESTIFIED OR PRESENTED TO OFFICIALS-VIRTUALLY AND IN-PERSON-IN 30 STATES, MET WITH IN STATE GROUPS OR AUDIENCES IN ALL 50 STATES AND THE DISTRICT OF COLUMBIA, AND PUBLISHED SEVEN FORWARD LOOKING BLUEPRINTS FOR STATE TAX REFORM. THE FOUNDATION IS OFTEN LOOKED TO BY LEGISLATORS, TAXPAYERS, AND THE MEDIA (WITH 10,100 MEDIA CITATIONS IN 2023) 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, AND FOUNDATION EXPERTS HAVE BEEN A VITAL RESOURCE TO POLICYMAKERS AND JOURNALISTS AS STATES NAVIGATE AN INCREASINGLY MOBILE ECONOMY CHARACTERIZED BY A GREATER FOCUS ON TAX COMPETITIVENESS.


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Board, Officers & Key Employees

Name (title)Compensation
David P Lewis
Chairman
$0
James W Lintott
Treasurer
$0
The Honorable Philip English
Director
$0
Dennis Groth
Director
$0
Douglas Holtz-Eakin
Director
$0
Stephen Kranz
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Fionta
Website Services
$246,295
Eventeq
Events Management
$237,385
Mvp Press Llc
Direct Mail & Printing Services
$143,653
Davidson & Co
Fundraising
$140,500
Han Group
Accounting
$126,024
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$899,308
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$7,136,695
Noncash contributions included in lines 1a–1f $59,648
Total Revenue from Contributions, Gifts, Grants & Similar$8,036,003
Total Program Service Revenue$0
Investment income $139,175
Tax Exempt Bond Proceeds $0
Royalties $863
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,908
Net Income from Fundraising Events -$347,817
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,838,946

Peer Organizations

Organization NameAssets
National Center On Education & The Economy
Washington, DC
$12,008,332
National Governors Association Center For Best Practices
Washington, DC
$14,545,573
National Center For Public Policy Research Inc
Washington, DC
$11,732,840
Pulitzer Center On Crisis Reporting
Washington, DC
$12,102,444
Nreca Research
Arlington, VA
$9,979,949
The Niskanen Center Inc
Washington, DC
$11,280,437
American Bridge 21st Century Foundation
Washington, DC
$6,001,649
Center For Us Global Leadership
Washington, DC
$8,722,887
Article Iv
Arlington, VA
$10,889,809
The Third Way Foundation Inc
Washington, DC
$9,169,792
Center For American Ideas
Mclean, VA
$7,332,043
Tax Foundation
Washington, DC
$7,838,946
Center For Effective Public Policy
Kensington, MD
$6,644,105
Council On Strategic Risks
Washington, DC
$3,742,950
Future Now Action
Washington, DC
$9,934,496
Public Private Strategies Institute
Washington, DC
$5,219,227
Americans For Financial Reform Education Fund
Washington, DC
$5,574,904
Oil Change International
Washington, DC
$5,655,295
Defi Education Fund
Washington, DC
$438,672
Center For The National Interest Inc
Washington, DC
$3,067,696
Center For American Restoration Inc
Washington, DC
$4,390,146
Public Knowledge
Washington, DC
$4,001,662
Institute For Citizen Focused Services
Alexandria, VA
$2,079,301
Ludwig Institute For Shared Economic Progress
Washington, DC
$1,000,100
Truman Center For National Policy
Washington, DC
$2,074,703

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