Lets Go Fishing

Analysis

Lets Go Fishing is a registered charity in United States, based in Alexandria, MN. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lets Go Fishing reported income of $73k and spending of $64k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $73k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lets Go Fishing sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 25th percentile within MN. Charities of a similar size with the same main cause include Lakeland Center Inc ($73k), Vermont Lions Charities Inc ($73k) and Christian Food Pantry Incorporated ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $233k against liabilities of $0, net assets of $233k.