Gowest Foundation

Analysis

Gowest Foundation is a registered charity in United States, based in Seatac, WA. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gowest Foundation reported income of $2.2m and spending of $1.6m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $864k to $2.2m (+152%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gowest Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include YWCA of Greater Lafayette ($2.2m), Center Against Rape and Domestic Violence ($2.2m) and The Michaels Organization Educational Foundation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $19.9m against liabilities of $10.6m, net assets of $9.4m.