Fishing for Life

Analysis

Fishing for Life is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 for Life reported income of $794k and spending of $695k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $376k to $794k (+111%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fishing for Life sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Elk Grove Community Foundation ($794k), National Association of Corporate Directors ($795k) and Olympic View Community Foundation ($794k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $99k (14% of expenses). Other salaries and wages came to $285k. At year end it held assets of $828k against liabilities of $31k, net assets of $797k. It reported 6 employees.