CPM Billfish Tournament

Analysis

CPM Billfish Tournament is a registered charity in United States, based in Morehead City, NC. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, CPM Billfish Tournament reported income of $145k and spending of $117k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $145k (+112%), an average of +112% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, CPM Billfish Tournament sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include LJS Healing Hearts ($145k), Livingston Hospital Foundation Inc ($145k) and Hanover County I-Care Community Coalition Inc ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.