Federation of Tax Administrators

Analysis

Federation of Tax Administrators is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1951, 75 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Federation of Tax Administrators reported income of $4.4m and spending of $4.0m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.9m to $4.4m (+52%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 84%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Federation of Tax Administrators sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 78th percentile within DC. Charities of a similar size with the same main cause include Louisiana Housing Assistance Corporation ($4.4m), Mountain Cap of West Virginia Inc ($4.4m) and Olive Tree Ministries ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $312k (7.8% of expenses). Other salaries and wages came to $943k. At year end it held assets of $4.0m against liabilities of $1.2m, net assets of $2.7m. It reported 12 employees.