Fishermans Mark

Analysis

Fishermans Mark is a registered charity in United States, based in Lambertville, NJ. It received its IRS tax-exemption ruling in April 1982, 44 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, Fishermans Mark reported income of $1.6m and spending of $1.2m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.6m (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fishermans Mark sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Rockwood Lane ($1.6m), Carpe Diem Foundation Inc ($1.6m) and Homeless Veteran Emergency Housing Facility ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $82k (6.7% of expenses). Other salaries and wages came to $572k. At year end it held assets of $3.6m against liabilities of $600k, net assets of $3.0m. It reported 31 employees.