The Pimco Foundation

Analysis

The Pimco Foundation is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Pimco Foundation reported income of $10.4m and spending of $4.5m, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.4m to $10.4m (-8.3%), an average of -2.1% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 56% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Pimco Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Jewish Community Association of Greater Phoenix ($10.4m), Visionspring ($10.5m) and Ocf Joseph E Weston Public Foundation ($10.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $141.6m against liabilities of $5.7m, net assets of $135.9m.