Bonefish & Tarpon Trust Inc

Analysis

Bonefish & Tarpon Trust Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Bonefish & Tarpon Trust Inc reported income of $5.3m and spending of $5.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $5.3m (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Bonefish & Tarpon Trust Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Great Lakes Fishery Trust Inc ($5.3m), Humane Society of Sarasota County Inc ($5.3m) and Great Plains SPCA ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $322k (6.3% of expenses). Other salaries and wages came to $747k. At year end it held assets of $2.5m against liabilities of $619k, net assets of $1.9m. It reported 14 employees.