THE REASON FOUNDATION is a nonprofit organization categorized as Public Charity based in LOS ANGELES, CA. Its most recent IRS filing (2025) reports revenue of $22.8M, expenses of $22.0M, total assets of $29.1M. Imperigo tracks 122 reported grant relationships connected to this organization totaling approximately $32.7M.
REASON FOUNDATION ADVANCES A FREE SOCIETY BY DEVELOPING, APPLYING, AND PROMOTING LIBERTARIAN PRINCIPLES, INCLUDING INDIVIDUAL LIBERTY, FREE MARKETS, AND THE RULE OF LAW. WE USE JOURNALISM AND PUBLIC POLICY RESEARCH TO INFLUENCE THE FRAMEWORKS AND ACTIONS OF POLICYMAKERS, JOURNALISTS, AND OPINION LEADERS.
How The Reason Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Showing up to 5 of 122 total records — full history available with membership.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $22.8M | $22.0M | $29.1M |
| 2024 | $23.3M | $19.9M | $25.6M |
| 2023 | $15.5M | $17.5M | $19.4M |
| 2022 | $15.2M | $15.0M | $17.2M |
| 2021 | $15.5M | $13.4M | $19.3M |
Between 2021 and 2025, reported annual revenue grew from $15.5M to $22.8M (+47%), with total assets most recently reported at $29.1M.
Interactive year-over-year charts and full filing details available with membership.
