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

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.

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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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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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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
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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