Palm Beach County Fishing Foundation Inc

Analysis

Palm Beach County Fishing Foundation Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in December 1994, 32 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 September 2023, Palm Beach County Fishing Foundation Inc reported income of $657k and spending of $462k, leaving 30% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $593k to $657k (+11%), an average of +2.6% a year. The sharpest change came in the year to September 2022, when income rose by 75%. Over the whole period it spent 69% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Palm Beach County Fishing Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Pysl Inc ($657k), Catholic Youth League Inc ($657k) and Skiku Inc ($657k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 37% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $32k (6.8% of expenses). Other salaries and wages came to $50k. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.