Fishing for MD Foundation Inc

Analysis

Fishing for MD Foundation Inc is a registered charity in United States, based in Dayton, MD. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Fishing for MD Foundation Inc reported income of $451k and spending of $286k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $350k to $451k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fishing for MD Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Amberwell Health Foundation ($450k), Special Equestrians Inc ($451k) and Edca Lifeskills ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. Compensation of current officers, directors and key employees was $80k (28% of expenses). Other salaries and wages came to $30k. At year end it held assets of $626k against liabilities of $100k, net assets of $526k. It reported 3 employees.