Fishermens Health Inc

Analysis

Fishermens Health Inc is a registered charity in United States, based in Marathon, FL. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Fishermens Health Inc reported income of $66.3m and spending of $52.3m, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $26.3m to $66.3m (+152%), an average of +26% a year. The sharpest change came in the year to September 2022, when income rose by 47%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fishermens Health Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Central Maine Healthcare Corporation ($66.3m), Atrium Health Foundation ($66.4m) and Sun Life Family Health Center Inc ($66.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $150k (0.3% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $57.8m against liabilities of $40.0m, net assets of $17.8m. It reported 135 employees.