Fishermen Inc

Analysis

Fishermen Inc is a registered charity in United States, based in Valdosta, GA. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Fishermen Inc reported income of $65k and spending of $89k, spending 136% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $132k to $65k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 129% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Fishermen Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within GA. Charities of a similar size with the same main cause include Harvest Projects Revival Center Inc ($65k), Iglesia de Dios de Miami Beach ($65k) and Latin America Ministries Board Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $68k against liabilities of $126, net assets of $68k.