Atlantic Beach King Mackerel Fishing Tournament Inc

Analysis

Atlantic Beach King Mackerel Fishing Tournament Inc is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Atlantic Beach King Mackerel Fishing Tournament Inc reported income of $244k and spending of $197k, spending 81% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $330k to $244k (-26%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Atlantic Beach King Mackerel Fishing Tournament Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Community Music Center of Houston ($244k), Friends of the Duxbury Council on Aging Inc ($244k) and Friends of Lasdon Arboretum Inc ($244k).

At year end it held assets of $59k against liabilities of $0, net assets of $59k.