Lets Go Fishing Ministries Inc

Analysis

Lets Go Fishing Ministries Inc is a registered charity in United States, based in Littleton, CO. It received its IRS tax-exemption ruling in June 1984, 42 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 December 2022, Lets Go Fishing Ministries Inc reported income of $289k and spending of $329k, spending 114% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $211k to $289k (+37%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lets Go Fishing Ministries Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within CO. Charities of a similar size with the same main cause include Know Thyself As Soul Foundation International ($289k), May I Pray for You Ministry ($289k) and Love of Christ Bible College ($289k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $43k (13% of expenses). Other salaries and wages came to $42k. At year end it held assets of $198k against liabilities of $5,554, net assets of $192k. It reported 2 employees.