Toho Marine Fishing Inc

Analysis

Toho Marine Fishing Inc is a registered charity in United States, based in Saint Cloud, FL. It received its IRS tax-exemption ruling in June 2015, 11 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, Toho Marine Fishing Inc reported income of $125k and spending of $124k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $132k to $125k (-5.1%), an average of -1.3% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Toho Marine Fishing Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include PTO Massachusetts Parent-Teacher Runkle School PTO ($125k), Kind Hearts for Kids ($125k) and Optimist Club of Gulf Breeze FL Inc ($125k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4,567 against liabilities of $0, net assets of $4,567.