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Musk Foundation

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Corporate Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$61.3M (2021)

Expenses
$2.84M (2021)

Total Assets
$0 (2021)

Total Liabilities
$0 (2021)

Years with missing data
Source: Form 990 tax filings from 2011 to 2021

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$61,287,799
Expenses
$2,841,853
Net Income
$58,445,946
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $921
0.0%
Dividends $9,350
0.0%
Sales of Assets $61,277,528
100.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,724,310
60.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0
Compensation
Key Employees and Officers Compensation Other
Elon Musk (President & Director) $0 $0
Jared Birchall (Secretary & Treasurer) $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$16,600,467
Expenses
$23,665,728
Net Income
-$7,065,261
Net Assets
$11,903,899
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,103,605
24.7%
Interest Revenue $474
0.0%
Dividends $8,481
0.1%
Sales of Assets $12,487,907
75.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $23,648,803
99.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $11,903,899
Total Liabilities $0
Net Assets $11,903,899
Compensation
Key Employees and Officers Compensation Other
Elon Musk (President & Director) $0 $0
Jared Birchall (Secretary & Treasurer) $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$15,617
Expenses
$9,986,745
Net Income
-$9,971,128
Net Assets
$2,482,399
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $15,162
97.1%
Dividends $346
2.2%
Sales of Assets $0
Other Income $109
0.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,979,745
99.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,482,399
Total Liabilities $0
Net Assets $2,482,399

Document Links

Fiscal Year Ending June
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,039,815
Expenses
$48,037,652
Net Income
-$36,997,837
Net Assets
$3,715,330
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $167
0.0%
Dividends $76
0.0%
Sales of Assets $11,039,556
100.0%
Other Income $16
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $47,812,652
99.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,715,330
Total Liabilities $0
Net Assets $3,715,330
Compensation
Key Employees and Officers Compensation Other
Elon Musk (President & Director) $0 $0
Kimbal Musk (Secretary, Treasurer & Dir) $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$254,614,106
Expenses
$67,153
Net Income
$254,546,953
Net Assets
$3,340,644
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $254,614,000
100.0%
Interest Revenue $55
0.0%
Dividends $0
Sales of Assets $0
Other Income $51
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $52,369
78.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,340,644
Total Liabilities $0
Net Assets $3,340,644
Compensation
Key Employees and Officers Compensation Other
Elon Musk (President & Director) $0 $0
Kimbal Musk (Secretary, Treasurer & Dir) $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$600,158
Expenses
$582,908
Net Income
$17,250
Net Assets
$57,371
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $600,000
100.0%
Interest Revenue $90
0.0%
Dividends $2
0.0%
Sales of Assets $0
Other Income $66
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $570,648
97.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $57,371
Total Liabilities $0
Net Assets $57,371

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,300,152
Expenses
$1,310,348
Net Income
-$10,196
Net Assets
$40,121
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,300,000
100.0%
Interest Revenue $112
0.0%
Dividends $40
0.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,297,976
99.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $40,121
Total Liabilities $0
Net Assets $40,121

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$650,244
Expenses
$804,152
Net Income
-$153,908
Net Assets
$50,316
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $650,000
100.0%
Interest Revenue $200
0.0%
Dividends $44
0.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $794,547
98.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $50,317
Total Liabilities $1
Net Assets $50,316

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$618,657
Expenses
$851,564
Net Income
-$232,907
Net Assets
$204,224
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $600,000
97.0%
Interest Revenue $294
0.0%
Dividends $1,341
0.2%
Sales of Assets $16,925
2.7%
Other Income $97
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $835,282
98.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $204,225
Total Liabilities $1
Net Assets $204,224

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$314,085
Expenses
$876,448
Net Income
-$562,363
Net Assets
$437,132
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $297
0.1%
Dividends $8,536
2.7%
Sales of Assets $305,252
97.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $865,882
98.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $437,132
Total Liabilities $0
Net Assets $437,132

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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