The Reason Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 8,078,062 | 7,786,662 | 291,400 | 6.6 | 48% |
| 2012 | 9,106,846 | 8,784,862 | 321,984 | 6.7 | 48% |
| 2013 | 9,066,823 | 8,952,656 | 114,167 | 6.9 | 52% |
| 2014 | 11,101,761 | 10,013,738 | 1,088,023 | 7.7 | 52% |
| 2015 | 10,473,482 | 9,760,275 | 713,207 | 8.8 | 53% |
| 2016 | 11,485,028 | 10,553,564 | 931,464 | 9.3 | 53% |
| 2017 | 12,708,165 | 12,379,098 | 329,067 | 8.6 | 51% |
| 2018 | 12,099,789 | 12,690,715 | −590,926 | 8.4 | 50% |
| 2019 | 13,905,315 | 13,467,708 | 437,607 | 8.4 | 51% |
| 2020 | 16,170,727 | 13,074,096 | 3,096,631 | 12.0 | 57% |
| 2021 | 15,534,857 | 13,413,869 | 2,120,988 | 14.9 | 56% |
| 2022 | 15,233,016 | 14,980,930 | 252,086 | 11.7 | 55% |
| 2023 | 15,456,947 | 17,507,487 | −2,050,540 | 9.2 | 52% |
In its most recent public year (2023), this organization spent $2,050,540 more than it brought in. Its reserves stood at about 9.2 months of spending, up from 6.6 in 2011. Staff pay was 52% of spending. $648,932 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
The Reason Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works