Old Salt Fishing Foundation Inc

Analysis

Old Salt Fishing Foundation Inc is a registered charity in United States, based in Madeira Beach, FL. It received its IRS tax-exemption ruling in August 2014, 12 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 2022, Old Salt Fishing Foundation Inc reported income of $1.1m and spending of $1.1m, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.3m to $1.1m (-13%), an average of -4.4% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Old Salt Fishing Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Greater Seattle Korean Association ($1.1m), 710 Main Street Inc ($1.1m) and Hand Rehabilitation Foundation ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 29% and program service revenue 71% of the total. At year end it held assets of $102k against liabilities of $750, net assets of $101k.