TAX FOUNDATION

EIN: 521703065 501(c)(3) Public & Societal Benefit

WASHINGTON, DC

Total Revenue
$7,961,604
Total Expenses
$8,922,120
Total Assets
$7,097,425
Net Assets
$5,664,141
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
DC
Principal Officer
DANIEL BUNN
Phone
2024646200
Tax Period
2024-01-01 to 2024-12-31

TAX FOUNDATION, founded in 1990, is a community nonprofit in the Public & Societal Benefit sector that reported $8.0M in total revenue in fiscal year 2024. Expenses of $8.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO ACHIEVE SIMPLE, SENSIBLE TAX POLICY AT THE FEDERAL AND STATE LEVELS BY PRODUCING AND DISSEMINATING BASIC INFORMATION AND ECONOMICALLY PRINCIPLED ANALYSIS OF TAX POLICY ISSUES AND THE SIZE OF THE TAX BURDEN BORNE BY AMERICANS AT ALL LEVELS OF GOVERNMENT.

Program Service Accomplishments

Program 1
Expenses: $2,059,629 Revenue: $30,000

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...

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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 2024, THE STAFF CONDUCTED MORE THAN 76 CAPITOL HILL MEETINGS, BRIEFINGS, AND PRESENTATIONS TO VARIOUS PUBLIC AUDIENCES, TESTIFIED SEVEN TIMES BEFORE CONGRESSIONAL COMMITTEES, AND PRODUCED DOZENS OF REPORTS AND BLOG POSTS ON A VARIETY OF ISSUES THAT RECEIVED MORE THAN 25,800 CITATIONS IN LEADING MEDIA OUTLETS.

Program 2
Expenses: $1,639,894

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...

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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 2024, THE FOUNDATION EARNED 37,410 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 61 RADIO AND TV INTERVIEWS AND PLACED 47 OP-EDS; TAXFOUNDATION.ORG WAS VISITED 22 MILLION TIMES; ITS SOCIAL MEDIA AUDIENCE GREW 11 PERCENT TO 121,371 TOTAL FOLLOWERS; ITS PODCAST LISTENERSHIP GREW BY 340 PERCENT, RESULTING IN 192,460 LISTENS; AND ITS EMAIL NEWSLETTER GREW 24 PERCENT TO 76,400 SUBSCRIBERS.

Program 3
Expenses: $1,095,457

STATE TAX POLICY - THIS PROGRAM PROMOTES STATE TAX REFORM WITH COMPREHENSIVE ANNUAL REPORTS, RESEARCH, POLICY ANALYSIS, AND IN-DEPTH STATE-SPECIFIC STUDIES. IN 2024, THE FOUNDATION TESTIFIED OR...

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STATE TAX POLICY - THIS PROGRAM PROMOTES STATE TAX REFORM WITH COMPREHENSIVE ANNUAL REPORTS, RESEARCH, POLICY ANALYSIS, AND IN-DEPTH STATE-SPECIFIC STUDIES. IN 2024, THE FOUNDATION TESTIFIED OR PRESENTED TO OFFICIALS-VIRTUALLY AND IN-PERSON-IN 32 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 11,900 MEDIA CITATIONS IN 2024) 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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,927,485
Program Service Revenue $30,000
Investment Income $291,916
Other Revenue $-287,797
TOTAL REVENUE $7,961,604

Expense Breakdown

Grants Paid $31,437
Salaries & Benefits $5,876,598
Fundraising Expenses $1,377,009
Program Expenses $5,875,185
Other Expenses $2,951,664
TOTAL EXPENSES $8,922,120

Year-over-Year Comparison

2024 2023 Change
Revenue $7,961,604 $7,838,946 +0.0%
Expenses $8,922,120 $6,957,249 +0.3%
Net Income $-960,516 $881,697 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
50
Volunteers
13

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$693,906
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID P LEWIS CHAIRMAN 1.00
Director
$0 $0 $0
JAMES W LINTOTT TREASURER 1.00
Director
$0 $0 $0
THE HONORABLE PHILIP ENGLISH DIRECTOR 1.00
Director
$0 $0 $0
DENNIS GROTH DIRECTOR 1.00
Director
$0 $0 $0
DOUGLAS HOLTZ-EAKIN DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN KRANZ DIRECTOR 1.00
Director
$0 $0 $0
PAMELA OLSON DIRECTOR 1.00
Director
$0 $0 $0
TOM ROESSER DIRECTOR 1.00
Director
$0 $0 $0
KURT LAMP DIRECTOR AS OF 04/2024 1.00
Director
$0 $0 $0
LOREN PONDS DIRECTOR AS OF 04/2024 1.00
Director
$0 $0 $0
PHIL BULLOCK DIRECTOR AS OF 04/2024 1.00
Director
$0 $0 $0
TADD FOWLER DIRECTOR AS OF 04/2024 1.00
Director
$0 $0 $0
THE HONORABLE KEVIN BRADY DIRECTOR AS OF 04/2024 1.00
Director
$0 $0 $0
DANIEL D BUNN PRESIDENT, CEO, BOARD SECRETARY 40.00
Officer
$286,595 $32,125 $318,720
SCOTT HODGE PRESIDENT EMERITUS & SR. POLICY ADVISOR 40.00
Officer
$356,771 $18,415 $375,186
WILLIAM MCBRIDE VP OF FEDERAL TAX AND ECONOMIC POLICY 40.00
Highest
$200,495 $19,416 $219,911
MICHAEL RESSEGUE CHIEF OF STAFF 40.00
Highest
$174,936 $5,948 $180,884
ALAN M COLE SENIOR ECONOMIST 40.00
Highest
$161,574 $13,212 $174,786
COLBY PASTRE VP OF MARKETING AND COMMUNICATIONS 40.00
Highest
$159,627 $9,027 $168,654
JARED M WALCZAK VP OF STATE POLICY 40.00
Highest
$154,224 $13,247 $167,471
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $7,961,604 $8,922,120 $7,097,425 $-960,516
2023 $7,838,946 $6,957,249 $8,268,104 $881,697
2022 $6,768,789 $5,840,958 $7,496,698 $927,831
2021 $6,514,082 $5,702,477 $6,089,846 $811,605
2020 $5,633,682 $4,747,961 $5,116,395 $885,721
2019 $5,363,389 $5,810,689 $3,940,918 $-447,300
2018 $5,314,821 $5,100,639 $4,251,615 $214,182
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