Hook Line and Sinker Fishing Tournament

Analysis

Hook Line and Sinker Fishing Tournament is a registered charity in United States, based in Lutz, FL. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hook Line and Sinker Fishing Tournament reported income of $71k and spending of $72k, spending 102% of its income. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hook Line and Sinker Fishing Tournament sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 31st percentile within FL. Charities of a similar size with the same main cause include Atchison Community Educational Foundation ($71k), National Charity League Inc Heart of Dallas Chapter ($71k) and Yerazart Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $9,001 against liabilities of $0, net assets of $9,001.