Tax-Exempt Firms in the Washington Area

June 1, 2000

Tax-exempt firms are major contributors to the Washington area economy. More than 7,000 private firms and organizations were not subject to federal income tax in the Washington area in 1997, according to the U.S. Census Bureau. They employed 203,318 area residents and spent $20.5 billion in 1997, or almost as much as the $21.7 billion in federal procurement spending that year.