Taxpayers for Common Sense

Analysis

Taxpayers for Common Sense is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Taxpayers for Common Sense reported income of $2.1m and spending of $2.0m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.1m (+71%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 61%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Taxpayers for Common Sense sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 68th percentile within DC. Charities of a similar size with the same main cause include Housing Foundation Phase 1 & 2 ($2.1m), Nebraska Humanities Council ($2.1m) and Massachusetts Association of Health Boards Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $640k (32% of expenses). Other salaries and wages came to $524k. At year end it held assets of $2.2m against liabilities of $52k, net assets of $2.1m. It reported 13 employees.