Good News Fishing Ministries Inc

Analysis

Good News Fishing Ministries Inc is a registered charity in United States, based in Tequesta, FL. It received its IRS tax-exemption ruling in July 2009, 17 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, Good News Fishing Ministries Inc reported income of $58k and spending of $56k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $29k to $58k (+102%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Good News Fishing Ministries Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Tampa Bay Tamil Church Inc ($58k), My Fathers House ($58k) and Spiritual Paths Foundation ($58k).

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 $32k against liabilities of $0, net assets of $32k.