The George Washington Foundation

Analysis

The George Washington Foundation is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in December 1931, 95 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 George Washington Foundation reported income of $2.2m and spending of $2.5m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.2m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The George Washington Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Concert Artists Guild Inc ($2.2m), Laser Institute of America ($2.2m) and Lions Automobilia Foundation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 11% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $36.5m against liabilities of $375k, net assets of $36.1m. It reported 72 employees.