Commercial Fisheries Research Foundation Inc

Analysis

Commercial Fisheries Research Foundation Inc is a registered charity in United States, based in Saunderstown, RI. It received its IRS tax-exemption ruling in December 2008, 18 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 June 2023, Commercial Fisheries Research Foundation Inc reported income of $2.9m and spending of $2.1m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $815k to $2.9m (+255%), an average of +37% a year. The sharpest change came in the year to June 2021, when income rose by 159%. Over the whole period it spent 88% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Commercial Fisheries Research Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 85th percentile within RI. Charities of a similar size with the same main cause include Cat Depot ($2.9m), Olddog Haven ($2.9m) and Central Dakota Humane Society ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $144k (6.7% of expenses). Other salaries and wages came to $605k. At year end it held assets of $1.5m against liabilities of $314k, net assets of $1.2m. It reported 11 employees.