Heritage Foundation
83% goes to programs $19 to raise $100 Strong reserves Growing revenue
Heritage Foundation is a 501(c)(3) organization based in Washington, District of Columbia, registered in 1973, with $133,868,147 in FY2024 revenue. CharityIndex grades it A, and it directs about 83% of spending to programs.
214 Massachusetts Avenue Ne, Washington, DC, 20002 EIN 23-7327730 Since 1973
Revenue (FY2024)
$133.9M
▲ 32.6% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$142.2M
Net assets
$333.6M
Employees
557
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating83% to programs · $19 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Heritage Foundation: 83% to programs · $19 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating28 mo reserves · -6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Heritage Foundation: 28 mo reserves · -6% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Heritage Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Heritage Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional american values, and a strong national defense.
What they do
Public policy research:the foundation produces research papers annually, including issue briefs, blog posts, fact sheets, backgrounders, guides, and books addressing a broad range of economic, domestic, foreign, national security, and legal policy issues. the foundation published 33 issue briefs, 66 backgrounders, 20 legal memoranda, 20 factsheets and 27 special reports. the foundation also regularly publishes content across social media platforms as the public has shifted its content and consumption to those channels. the social media footprint grew to 3.3 million total followers, including 1.9 million on facebook, 720,000 on x, 424,000 youtube subscribers, and 262,000 on instagram. the asian studies center produced 21 reports, 40+ op-eds, and hosted 22 events to counter china's influence, while the tech policy center supported multiple state-level big tech investigations.the foundation's project 2025 presidential transition project garnered millions of page views and downloads of the mandate for leadership, representing over 100 conservative organizations and sparking 50 plus fact checks in major media outlets.during 2024, a personal inflation calculator was released that attracted 140,000 visits in its first month, with mentions reaching nearly 900,000. the election integrity scorecard documented 1,600 proven cases of election fraud and saw 27 states improve their election laws since 2021. the election fraud map generated 145,000 page views, enhancing public access to critical data. the education freedom report card noted 25 states enhancing their rankings since 2022, with 11 states achieving universal education choice.
Media, government relations, and outreach:the foundation distributes its research products to members of congress, congressional staff, policymakers in the executive branch of the federal government, state officials, journalists, members of the academic community, other non-profit organizations, the general public, and donors. the foundation conducts hundreds of briefings for domestic and international officials, policymakers, experts, and lawmakers and their staff on issues ranging from federal spending and unfunded liabilities to homeland security, tax, and health policy. in 2024, the government relations team held 194 meetings with congressional staff and saw 32 members of congress participate in events, while conducting 72 educational meetings with hill staff and 18 nonpartisan candidate briefings.in 2024, the foundation amplified its national presence with 1,983 tv hits, 2,325 radio hits, 158 podcast appearances, and 870 op-eds placed, shaping public discourse coast to coast.the foundation reached 34 million americans and non-partisan voter registration efforts engaged 85,000 homes and 25,000 voters.the foundation hosted or sponsored 128 events across 28 states and 40 countries, reaching over 228,000 conservatives in-person, and invested $1.1 million in 72 partner organizations.the oversight project works for a u.s. government that is responsible, and accountable to its citizens. in 2024, 65,000 freedom of information act (foia) requests were filed with the current administration in addition to various state governments. in addition, a total of 100 lawsuits were launched nationwide, exposing government activities and driving accountability.additional information is available in our 2024 annual report, available online at https://www.heritage.org/article/the-heritage-foundations-financial-information.
Contact & location
- Address
- 214 Massachusetts Avenue Ne, Washington, DC, 20002
- City
- Washington
- State
- District of Columbia
- Category
- Public & Societal Benefit
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $112.7M (FY2013) to $133.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $80.3MNet assets $333.6M
Operating margin
-6.2%
Spent more than it raised in the latest fiscal year.
Total assets
$413.8M
Total liabilities
$80.3M
Net assets
$333.6M
Salaries & benefits
$53.1M
37% of expenses
Board members
16
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $133,868,147▲32.6% | $142,200,535▲32.0% | $333,560,920▼4.1% | $413,819,868▼0.3% | 990 |
| 2023 | $100,963,350▼5.0% | $107,739,177▲15.0% | $347,683,824▲4.7% | $415,053,399▲7.1% | 990 |
| 2022 | $106,329,524▲4.5% | $93,668,116▲9.2% | $331,987,871▼9.6% | $387,665,165▼8.0% | 990 |
| 2021 | $101,783,032▼14.6% | $85,809,083▲9.0% | $367,272,162▲10.7% | $421,262,128▲10.5% | 990 |
| 2020 | $119,134,479▼3.0% | $78,753,539▲1.0% | $331,754,148▲3.2% | $381,332,869▲4.3% | 990 |
| 2019 | $122,861,202▲51.6% | $77,972,750▼2.4% | $321,496,833▲28.3% | $365,763,848▲24.1% | 990 |
| 2018 | $81,056,876▼1.4% | $79,928,180▼6.4% | $250,625,070▼5.7% | $294,687,214▼6.7% | 990 |
| 2017 | $82,194,912 | $85,427,198▲4.7% | $265,797,554▲10.4% | $315,910,900▲9.3% | 990 |
| 2016 | $82,209,446▼10.7% | $81,620,518▲1.2% | $240,680,594▲6.4% | $289,026,227▲7.2% | 990 |
| 2015 | $92,008,484▼5.1% | $80,679,043▼1.7% | $226,283,115▲4.2% | $269,606,608▲3.3% | 990 |
| 2014 | $96,969,906▼13.9% | $82,107,321▲2.4% | $217,141,676▲11.8% | $261,045,873▲9.4% | 990 |
| 2013 | $112,690,147 | $80,161,735▼1.9% | $194,250,663▲25.9% | $238,662,795▲19.0% | 990 |
| 2012 | — | $81,748,321▲2.1% | $154,277,292▲7.7% | $200,636,522▲15.2% | 990 |
| 2011 | — | $80,033,828▼0.4% | $143,231,547▼13.1% | $174,109,394▼11.2% | 990 |
| 2010 | — | $80,378,250 | $164,819,678 | $196,167,571 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Kevin Roberts — $682,571 (0.48% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kevin Roberts | President | 32 | $682,571 |
| Derrick Morgan | Executive Vice President | 39 | $545,991 |
| Eric Korsvall | Chief Operating Officer | 39 | $444,117 |
| Andrew Olivastro | Chief Advancement Officer | 39 | $368,437 |
| Robert Barro | Distinguished Fellow | 40 | $357,723 |
| Roger Severino | Vp, Domestic Policy | 40 | $351,528 |
| John Backiel | Vp, Finance, Accounting & Treasurer | 39 | $313,985 |
| John Malcolm | Vp, Inst. For Constitutional Gov't | 40 | $310,173 |
| Bridgett Wagner | Ed, the Feulner Institute | 40 | $289,760 |
| Dan Mauler | General Counsel & Secretary | 28 | $262,036 |
| Robert Bluey | Vp, Communications | 24 | $184,576 |
| Edwin Meese III | Trustee | 2 | $36,000 |
| Abby Spencer Moffat | Trustee | 1 | — |
| Anthony J Saliba | Trustee | 1 | — |
| Barb Van Andel-gaby | Chairman | 2 | — |
| Brian Tracy | Trustee | 1 | — |
| Darryle Owens | Trustee | 1 | — |
| Edwin J Feulner Phd | Trustee | 1 | — |
| John Coleman | Trustee | 1 | — |
| Larry P Arnn Phd | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Dpr Construction | Construction | $8,916,586 |
| Associated Protective Services | Protection & Security | $1,513,065 |
| Mds Communications Corporation | Consultants On Fundraising | $1,511,048 |
| Oracle America Inc | It Services | $1,438,606 |
| Moore Response Management Group | Mailing Contact Mgmt | $1,302,266 |
Grants received · $67.0M total
408 grants to Heritage Foundation totaling $67.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Public policy | 2024 | $2,006,267 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $760,000 |
| Greater Houston Community Foundation | Public benefit | 2024 | $500,962 |
| Donors Trust Inc | For general operations | 2024 | $369,173 |
| Donors Trust Inc | For the going on offense on gender ideology project | 2024 | $365,500 |
| Arizona Community Foundation | This award is designated support for the erika and roger greaves intern in perpetuity program. | 2024 | $203,166 |
| American Endowment Foundation | Public affairs | 2024 | $166,200 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $119,350 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Arts and culture | 2024 | $116,000 |
| Greater Horizons | Public, societal benefit | 2024 | $112,340 |
| The 85 Fund | General support | 2024 | $110,000 |
| The Community Foundation Inc | General purposes | 2024 | $66,281 |
| American Gift Fund | Operations | 2024 | $63,750 |
| Knights of Columbus Charitable Fund Inc | General purpose | 2024 | $61,775 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $61,650 |
Grants made · $8.7M in FY2024
26 grants totaling $8.7M in FY2024 — showing the 15 largest. All grants made by Heritage Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Daily Signal Institute | General operations | $3,500,000 |
| 170 Freedom Milwaukee 2024 Host Committee Inc | Republican national convention | $1,000,000 |
| Trump Vance Inaugural Committee Inc | General support for trump inauguration | $1,000,000 |
| Vote For America | General operations | $500,000 |
| Personnel Policy Operations Inc | General operations | $500,000 |
| American Movement Foundation | General operations | $305,000 |
| Edmund Burke Foundation Inc | General operations | $250,000 |
| Heritage Action For America | Public policy education | $200,000 |
| Concerned Women For America | General operations | $150,000 |
| John Locke Foundation Inc | Innovation prize | $100,000 |
| Center For Christian Virtue | Innovation prize | $100,000 |
| Feds 4 Med Freedom Inc | Innovation prize | $100,000 |
| Forge Leadership Network | Innovation prize | $100,000 |
| Immigration Accountability Project | Innovation prize | $100,000 |
| Oklahoma Council of Public Affairs Inc | Innovation prize | $100,000 |
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Frequently asked questions
- Is Heritage Foundation a legitimate nonprofit?
- Yes. Heritage Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7327730, based in Washington, District of Columbia. Donations are tax-deductible.
- What is Heritage Foundation's EIN?
- Heritage Foundation's Employer Identification Number (EIN) is 23-7327730.
- How much revenue does Heritage Foundation report?
- Heritage Foundation reported $133,868,147 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Heritage Foundation's spending goes to programs?
- Heritage Foundation spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Heritage Foundation have?
- CharityIndex grades Heritage Foundation A, based on program efficiency and fundraising cost.
- How much does Heritage Foundation's highest-paid employee make?
- The highest reported compensation on Heritage Foundation's latest Form 990 is $682,571, paid to Kevin Roberts (President).
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Explore more
Data for Heritage Foundation (EIN 23-7327730) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.