George Y Pocock Rowing Foundation

Analysis

George Y Pocock Rowing Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 1983, 43 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, George Y Pocock Rowing Foundation reported income of $2.0m and spending of $2.5m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $2.0m (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, George Y Pocock Rowing 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 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include North Shore Ice Arena LLC ($2.0m), VTWC Inc ($2.0m) and Camp Avoda Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $232k (9.2% of expenses). Other salaries and wages came to $884k. It paid $8,597 in professional fundraising fees. At year end it held assets of $3.2m against liabilities of $35k, net assets of $3.2m. It reported 58 employees.