Fishing Has No Boundaries Inc

Analysis

Fishing Has No Boundaries Inc is a registered charity in United States, based in Hayward, WI. It received its IRS tax-exemption ruling in January 1990, 36 years ago. 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, Fishing Has No Boundaries Inc reported income of $1.3m and spending of $290k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $318k to $1.3m (+296%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 497%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fishing Has No Boundaries Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include New River Valley Senior Services Inc ($1.3m), Eagles Landing Christian Counseling Center Inc ($1.3m) and World for Jesus Ministries Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $18k (6.0% of expenses). Other salaries and wages came to $30k. At year end it held assets of $1.6m against liabilities of $1,501, net assets of $1.6m. It reported 4 employees.