Fishing with Vets

Analysis

Fishing with Vets is a registered charity in United States, based in Elk River, MN. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 with Vets reported income of $73k and spending of $59k, spending 81% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $39k to $73k (+84%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fishing with Vets sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 25th percentile within MN. Charities of a similar size with the same main cause include Eky Crusaders Inc ($73k), Sioux Falls Curling ($73k) and Masters Workshop Camp Inc ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.