Fishhook International Inc

Analysis

Fishhook International Inc is a registered charity in United States, based in Wilmore, KY. It received its IRS tax-exemption ruling in August 1960, 66 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 June 2022, Fishhook International Inc reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $782k to $1.1m (+44%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 54%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Fishhook International Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within KY. Charities of a similar size with the same main cause include Human Family Educational and Cultural Institute ($1.1m), Good Steward Ministries Inc ($1.1m) and The Redeemed Christian Church of God Family Praise Chapel Inc ($1.1m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $54k (4.7% of expenses). At year end it held assets of $190k against liabilities of $58k, net assets of $132k. It reported 1 employees.