Policies & Financials
As a nonprofit organization, Consumer Reports works to be as open as possible in its financial disclosures and operations and in maintaining its independence and integrity.
In February 1936, the state of New York granted a charter to Consumers Union, the organization that would publish Consumer Reports, with the goal to provide consumers with “information and counsel on...goods and services” and to “maintain laboratories...to supervise and conduct research and tests.” Our policies and financial statements attest to CR’s continuing dedication to those founding principles more than 80 years later.
Consumer Reports is a not-for-profit organization under Section 501(c)(3) of the Internal Revenue Code. It follows the standards of accounting and financial reporting for nonprofits as prescribed by the American Institute of Certified Public Accountants.
We’ve restricted use of our name or content in advertising since 1936. Why? Consumers should have the assurance that any reference to CR and our ratings is accurate and not taken out of context.
Consumer Reports’ most valuable asset is its reputation for independence, impartiality, integrity and expertise. How we operate and govern ourselves is key to maintaining that reputation.