Global Fishing Watch Inc

Analysis

Global Fishing Watch Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Global Fishing Watch Inc reported income of $69.5m and spending of $13.2m, leaving 81% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.3m to $69.5m (+1207%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 698%. Over the whole period it spent 44% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Global Fishing Watch Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within DC. Charities of a similar size with the same main cause include Atlanta Botanical Garden Inc ($65.3m), Massachusetts Audubon Society Inc ($73.7m) and The Barn Group Land Trust Inc ($60.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $873k (6.6% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $68.8m against liabilities of $1.3m, net assets of $67.5m. It reported 33 employees.