Fishtank Learning Inc

Analysis

Fishtank Learning Inc is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Fishtank Learning Inc reported income of $1.8m and spending of $2.5m, spending 138% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income grew from $1.4m to $1.8m (+25%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fishtank Learning Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Cancer Alliance of Help and Hope ($1.8m), Renaissance West Community Initiative ($1.8m) and Masores Bnos Yisroel Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $187k (7.5% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.0m against liabilities of $1.2m, net assets of $776k. It reported 30 employees.