Ferry Cove Shellfish Inc

Analysis

Ferry Cove Shellfish Inc is a registered charity in United States, based in Sherwood, MD. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Ferry Cove Shellfish Inc reported income of $1.7m and spending of $1.7m, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.5m to $1.7m (+17%), an average of +8.0% a year. The sharpest change came in the year to December 2023, when income rose by 192%. Over the whole period it spent 98% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Ferry Cove Shellfish Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Forsyth County Humane Society Inc ($1.7m), Ncasi Foundation ($1.7m) and North Olympic Salmon Coalition ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $217k (13% of expenses). Other salaries and wages came to $457k. At year end it held assets of $152k against liabilities of $57k, net assets of $95k. It reported 7 employees.