Gloucester Fishing Community Preservation Fund Inc

Analysis

Gloucester Fishing Community Preservation Fund Inc is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Gloucester Fishing Community Preservation Fund Inc reported income of $318k and spending of $294k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $174k to $318k (+83%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 274%. Over the whole period it spent 77% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Gloucester Fishing Community Preservation Fund Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Friends of the St Clair River Watershed ($317k), Clean Valley Council Inc ($318k) and French Creek Recreational Trails Inc ($317k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 101% of the total. Compensation of current officers, directors and key employees was $105k (36% of expenses). At year end it held assets of $12.3m against liabilities of $233k, net assets of $12.1m. It reported 2 employees.