PLATINUM2024

Tax Foundation

Principled Research. Insightful Analysis. Engaged Experts.

Washington, DC   |  www.taxfoundation.org
GuideStar Charity Check

Tax Foundation

EIN: 52-1703065


Mission

The Tax Foundation is the world's leading nonpartisan tax policy 501(c)(3) nonprofit. For over 80 years, our mission has remained the same: to improve lives through tax policies that lead to greater economic growth and opportunity. Our vision is a world where the tax code doesn’t stand in the way of success. Every day, our team of trusted experts strives towards that vision by remaining principled, insightful, and engaged and by advancing the principles of sound tax policy: simplicity, neutrality, transparency, and stability.

Notes from the nonprofit

Tax Foundation is a 501(c)(3) and relies entirely on gifts, investments, and grants to fund its work. When we were offered a PPP loan during the pandemic, it was refused without hesitation because the organization has not and will not accept a penny of government funding. This position is written in our bylaws and is a precept that will never be compromised. Tax Foundation exists to give policymakers and their staffs a variety of tools in order to build a world where success is not hindered by the tax code. If you believe strides toward prosperity are not futile, that future generations need a watchdog to defend against harmful tax policies, we warmly welcome you to become a Tax Foundation investor.

Ruling year info

1990

President & CEO

Mr. Daniel Bunn

Main address

1325 G Street NW Suite 950

Washington, DC 20005 USA

Show more contact info

EIN

52-1703065

Subject area info

Education

Public affairs

Economic development

Public finance

Population served info

Adults

Academics

NTEE code info

Public Finance, Taxation, Monetary Policy (W22)

Research Institutes and/or Public Policy Analysis (W05)

Research Institutes and/or Public Policy Analysis (B05)

What we aim to solve

SOURCE: Self-reported by organization

Americans deserve a tax system that lifts all boats, not progressive policies that lead to a bloated federal government and mountain of debt. With your partnership, the Tax Foundation will begin a three-year strategy to set a new and visionary tax agenda for America and influence the tax debate during the 2024 presidential and congressional campaigns. We want their plans to embody our Principles of Sound Tax Policy, creating a new paradigm for the tax system. The Tax Foundation’s Growth and Opportunity Agenda will chart this new course by: • Growing Incomes • Creating opportunities for workers • Building more resilient supply chains against future shortages and inflation • Making the U.S. more competitive • Creating wealth • Simplifying the tax code

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Tax Freedom Day

Our annual calculation of the calendar representation of the nation’s federal, state, and local tax burden receives wide media attention and helps inform the debate on the price the nation is paying for government. Derived from official government figures for total tax collections and total income, we also produce 50 state-specific Tax Freedom Days. In 2017, the nation's Tax Freedom Day arrived on April 19, and the dubious distinction of being the last state Tax Freedom Day celebrator was New York on May 14.

Population(s) Served
Adults
Academics

The first TAG Model, gifted to Tax Foundation by Steve Entin and Gary Robbins, was built in Microsoft Excel because they hoped it would eventually be used by congressional staff to score their own tax ideas. Even though the TAG 2.0 version of the model is now coded in Python and being migrated to the cloud, we still have a vision of making some capabilities of the model available to members of Congress, their staff, influencers, and, someday, economics students.

Our concept will allow people to try different solutions to reduce the national debt. A simplified online version of the TAG Model would democratize dynamic scoring and allow congressional staff and Members to learn about the economic effects of tax policies by doing.

The 2022 version of the online TAG Model will be basic, allowing users to select tax changes from a drop-down menu of options. After pressing the “calculate” button, users will quickly see how the tax change affects GDP, jobs, wages, and capital investment.

Population(s) Served
Adults
Academics

The Tax Foundation’s Center for State Tax Policy produces and markets timely and high-quality data, research, and analysis on state fiscal issues that influence the debate toward economically principled tax policies.

Our experts are routinely relied upon for presentations, testimony, and media appearances on state tax and fiscal policy, and our website is a comprehensive resource for information on tax and spending policy in each U.S. state.

Population(s) Served
Adults
Academics

The Tax Foundation’s Center for Global Tax Policy produces timely and high-quality data, research, and analysis on taxation in countries around the world that influences the debate toward economically principled policies.

We produce the annual International Tax Competitiveness Index, a survey of corporate tax rates around the world, and several other comparative reports that allow taxpayers, journalists, and policymakers to compare their tax policies with those in other countries.

The mission of the global program is to promote tax and fiscal policy that leads to higher economic growth and improved quality of life for taxpayers throughout the world.

Population(s) Served

Tax Foundation’s TaxEDU was launched to address the growing lack of tax literacy in our classrooms, living rooms, and government chambers. TaxEDU combines the best aspects of cutting-edge and traditional educational platforms to elevate the debate, enable deeper understanding, and achieve better, more principled tax policy.

TaxEDU is a one-stop platform that gives teachers the tools to make students better citizens, taxpayers a vocabulary to see through the rhetoric, lawmakers crash courses to write smarter laws, and videos and podcasts for anyone who wants to boost their tax knowledge on the go.

Population(s) Served
Adolescents

Americans deserve a tax system that lifts all boats, not progressive policies that lead to a bloated federal government and a mountain of debt. With your continued partnership, Tax Foundation will begin a three-year strategy to set a new and visionary tax agenda for America and influence the tax debate during the 2024 presidential and congressional campaigns. We want their plans to embody our principles of sound tax policy and create a new vision of growth and opportunity.

Tax Foundation’s Growth and Opportunity Agenda will chart this new course by:
• Growing incomes: Our policies will aim to double real incomes over the next generation.
• Creating opportunities for workers
• Building more resilient supply chains against future shortages and inflation
• Making the U.S. more competitive
• Creating wealth by reducing double taxation and make saving easy, simple, and tax-free
• Simplifying the tax code: Our reform plan will reduce complexity and take the fear out of filing taxes

Population(s) Served
Adults
Adults
Academics
Adults
Academics

Where we work

Awards

Organization of the Year: State Tax Policy 2012

Tax Analysts

Organization of the Year: State Tax Policy 2011

Tax Analysts

Organization of the Year: State Tax Policy 2013

Tax Analysts

Top 100 think tanks in the United States (#71) 2017

Go To Think Tank Index

Top 100 think tanks in the United States (#74) 2018

University of Pennsylvania Go To Think Tank Index

4th of 306 in SEO Performance of U.S. Non-Profits, dollar-for-dollar 2021

Tallest Tree Digital

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of media citations of research or experts

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Academics

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

One of our greatest marketing strengths is our outsized media presence. In 2021, we outpaced groups double our size, earning 50% more media coverage than in 2020.

Number of downloads of the organization's materials and explanations

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Academics

Type of Metric

Output - describing our activities and reach

Direction of Success

Decreasing

Context Notes

As our material is increasingly available on our website without the need to download files, so Tax Foundation will not be tracking downloads in 2022 and beyond.

Number of states in which we were active

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Academics

Related Program

Center for State Tax Policy

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Percent of Board of Directors who personally donates to the organization

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Teachers, Young adults

Type of Metric

Input - describing resources we use

Direction of Success

Holding steady

Context Notes

We began monitoring this metric in 2018.

Number of website pageviews

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Academics

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

According to a 2021 study that compares the Search Engine Optimization (SEO) performances of U.S. nonprofits on a dollar-for-dollar basis, Tax Foundation ranked 4th out of 306 think tanks.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

This three-year effort begins in 2022.
• Year One: In 2022, we will lay the intellectual, marketing, and social media groundwork for the broader Growth and Opportunity Agenda, while continuing to show the harmful effects of Biden’s tax policies and influence the tax narrative during the midterm elections.
• Year Two: Irrespective of the results of the midterm elections, we will renew our efforts in 2023 to gain broad support of our initiatives on Capitol Hill and expand our social media campaign, while beginning to reach out to candidates as they announce for the presidency and offer our tax modeling services.
• Year Three: 2024 will be focused on working with candidates to score their tax plans, modeling all the competing candidates’ tax proposals and distributing our findings to the public through a multichannel communications effort.

Americans deserve a tax system that is simple, stable, transparent, and neutral, one that unifies and champions a diverse citizenry. With your investment, Tax Foundation’s Growth and Opportunity Agenda will forge the way to a world where the tax code does not stand in the way of success. We will unleash the full force of our comprehensive and proven strategy to:
• Engage policy influencers in both parties at the state, federal, and global levels
• Guide lawmakers toward principled tax reforms that grow economies and prosperity
• Educate everyone looking for more information in the tax policy debate
• Inoculate people against political rhetoric and disingenuous talking points
• Identify and cultivate tax policy leaders for this and future generations.

To influence the state, national, and global tax debates toward economically principled policies, Tax Foundation will produce timely and high-quality data, research, and analysis on federal tax issues.

Tax Foundation’s mission of improving lives through better tax policy is propelled by collaborating with other think tanks, forging relationships with elected officials and their staffs, and openly engaging with supporters.

Tax Foundation maintains healthy relationships with journalists and media outlets to distribute its educational materials and commentary. Using social media, email, website, and direct mail campaigns, Tax Foundation reaches several million people around the globe each year.

Tax Foundation does not advocate for specific legislation, but objectively speaks to the growth or harm a given proposal would have on the economy. The most powerful tool for this data presentation is Tax Foundation’s numerical ranking: by comparing like entities to each other using standard criteria and measurement, Tax Foundation’s Taxes and Growth General Equilibrium Macroeconomic Model gives a full picture of immediate and long-term policy effects.

The Tax Foundation's ambitious tax research and program agenda has had a large impact on state and federal tax debates. At the federal level, we have built the tools and intellectual arguments for initiating a multi-year debate over fundamental tax reform and restoring America's global tax competitiveness. At the state level, we advise policymakers how to make their tax systems more pro-growth and use our various state rankings to foster tax competition between the states. Our research receives a record number of citations, ranging from newspaper and television journalists (over 30,000 media citations in 2021) to governors and presidential candidates. In addition to traditional outreach and media cultivation, our widely-viewed videos have done much to advance public education on key tax issues, as has our blog (ranked in the top two in the nation by the Wall Street Journal) and our social media presence on Facebook and Twitter.

Since 1937, Tax Foundation has worked to improve lives through better tax policy with our core principles of transparency, simplicity, stability, and neutrality.

Over the last 20 years, our partnership has resulted in significant strides. We defended the Bush-era tax cuts in 2004 and took on the painstaking task of explaining who actually bears the tax burden in 2005. Fiscal incidence, distributional effects, the IRET merger, Tax Foundation was there, thanks to our generous supporters.

The game changed entirely in 2011, following the IRET merger, when we launched our dynamic tax modeling project. We modeled the fiscal cliff in 2012, Rep. Dave Camp’s Draft Tax Reform plan in 2014, and Sen. Marco Rubio’s tax plan in 2015, which led to every major 2016 Republican presidential candidate coming to Tax Foundation for a stamp of approval on their tax plan.

2017 was our moment to shine when we modeled Rep. Paul Ryan’s “Path to Prosperity” Blueprint, which ultimately evolved into the Tax Cuts and Jobs Act (TCJA), legislation that leaned heavily on Tax Foundation’s input.

When COVID-19 came to America and crippled economies at every level, we were prepared to act. In 2020, in addition to defending the TCJA, Tax Foundation also modeled the Democratic presidential candidates’ tax plans, provided real-time analysis of COVID-19 economic relief proposals, and launched a new tax policy education platform called TaxEDU.

In 2021, our Taxes and Growth (TAG) Model again flexed its muscles, modeling every aspect of the Biden agenda, from the $3.5 trillion House Ways and Means Build Back Better (BBB) plan, to the infrastructure bill, to the new global minimum tax, and everything in between.

Tax Foundation has evolved into a highly respected policy organization meshed with a very sophisticated public relations firm and, as such, is extraordinarily skilled at amplifying its research and analysis. We ranked fourth out of 306 organizations in the 2021 Think Tank SEO Ratings, moving up three places from last year. SEO, or search engine optimization, is what brings more than 20 million people to our website each year.

We have become more than a high-powered research and communications organization, though. Tax Foundation’s people, tools, and talent have integrated so seamlessly that we are outproducing and outperforming our peers in and out of the tax policy arena. We published nearly 500 pieces of analysis in 2021, an unprecedented milestone for Tax Foundation.

In 2022, Tax Foundation will not just combat hollow talking points with facts, we will also set forth a new vision for tax policy aimed at the 2024 presidential and congressional election: growth and opportunity for all.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Financials

Tax Foundation
Fiscal year: Jan 01 - Dec 31
Financial documents
2022 2022 Audited Financial Statements 2020 Tax Foundation Audited Financials 2019
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

1.00

Average of 3.31 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

4.4

Average of 2.2 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

15%

Average of 12% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Tax Foundation

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Tax Foundation

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Tax Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Tax Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $155,589 -$279,381 $887,949 $1,347,932 $107,486
As % of expenses 3.1% -4.9% 19.1% 24.0% 1.9%
Unrestricted surplus (deficit) after depreciation $33,166 -$417,235 $782,541 $1,250,614 $20,237
As % of expenses 0.7% -7.2% 16.5% 21.9% 0.3%
Revenue composition info
Total revenue (unrestricted & restricted) $5,314,821 $5,363,389 $5,633,682 $6,514,082 $6,768,789
Total revenue, % change over prior year 0.0% 0.9% 5.0% 15.6% 3.9%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 1.2% 1.2% 1.0% 1.1% 1.1%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 98.3% 91.4% 98.9% 97.7% 96.5%
Other revenue 0.5% 7.4% 0.1% 1.2% 2.5%
Expense composition info
Total expenses before depreciation $4,978,216 $5,672,835 $4,642,553 $5,605,159 $5,753,709
Total expenses, % change over prior year 0.0% 14.0% -18.2% 20.7% 2.7%
Personnel 63.4% 67.0% 67.9% 64.1% 66.2%
Professional fees 9.4% 8.3% 10.3% 9.4% 9.2%
Occupancy 7.3% 6.5% 7.9% 6.6% 6.1%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.7% 0.2% 0.2% 0.2% 0.4%
All other expenses 19.3% 18.0% 13.6% 19.8% 18.0%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $5,100,639 $5,810,689 $4,747,961 $5,702,477 $5,840,958
One month of savings $414,851 $472,736 $386,879 $467,097 $479,476
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $94,521
Total full costs (estimated) $5,515,490 $6,283,425 $5,134,840 $6,169,574 $6,414,955

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 1.5 1.1 4.0 2.8 4.4
Months of cash and investments 7.7 6.5 11.6 10.9 11.0
Months of estimated liquid unrestricted net assets 5.7 4.4 7.6 9.2 9.0
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $621,579 $514,154 $1,560,626 $1,299,474 $2,126,748
Investments $2,553,988 $2,563,902 $2,919,493 $3,795,939 $3,168,921
Receivables $304,871 $214,198 $37,372 $561,000 $301,700
Gross land, buildings, equipment (LBE) $1,151,056 $1,126,792 $1,138,719 $1,138,719 $1,233,240
Accumulated depreciation (as a % of LBE) 46.5% 57.2% 65.9% 74.4% 75.8%
Liabilities (as a % of assets) 25.6% 26.7% 20.2% 15.7% 30.6%
Unrestricted net assets $2,963,313 $2,546,078 $3,328,619 $4,579,233 $4,599,470
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $199,009 N/A N/A N/A N/A
Total restricted net assets $199,009 $341,171 $752,484 $551,561 $606,375
Total net assets $3,162,322 $2,887,249 $4,081,103 $5,130,794 $5,205,845

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

President & CEO

Mr. Daniel Bunn

Daniel Bunn is President and CEO of the Tax Foundation. Daniel has been with the organization since 2018 and, prior to becoming President, successfully built its Center for Global Tax Policy, expanding the Tax Foundations reach and impact around the world. Prior to joining the Tax Foundation, Daniel worked in the United States Senate at the Joint Economic Committee as part of Senator Mike Lee's (R-UT) Social Capital Project and on the policy staff for both Senator Lee and Senator Tim Scott (R-SC). In his time in the Senate, Daniel developed legislative initiatives on tax, trade, regulatory, and budget policy. He has a masters degree in Economic Policy from Central European University in Budapest, Hungary, and a bachelors degree in Business Administration from North Greenville University in South Carolina. Daniel lives in Halethorpe, Maryland, with his wife and their three children.

Number of employees

Source: IRS Form 990

Tax Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Tax Foundation

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Tax Foundation

Board of directors
as of 02/22/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr. David Lewis

PwC

Pamela Olson

PwC

James W. Lintott

Sterling Foundation Management LLC

David P. Lewis

PwC

Douglas Holtz-Eakin

American Action Forum; Sixth Director of the C.B.O.

Sarah McGill

PepsiCo, Inc.

Philip English

Arent Fox LLP

Tom Roesser

Microsoft Corporation

Stephen Kranz

McDermott Will & Emery

Dennis Groth

Groth Vineyards & Winery

Bill Archer

U.S. House of Representatives

Scott A. Hodge

President, Tax Foundation

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser