Fishing for the Mission 22 Inc

Analysis

Fishing for the Mission 22 Inc is a registered charity in United States, based in Buzzards Bay, MA. It received its IRS tax-exemption ruling in November 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fishing for the Mission 22 Inc reported income of $59k and spending of $48k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $25k to $59k (+140%), an average of +140% a year. The sharpest change came in the year to December 2023, when income rose by 140%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fishing for the Mission 22 Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Association of Fundraising Professionals ($59k), Caring Incorporated ($59k) and Caring Incorporated ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $15k against liabilities of $3,888, net assets of $11k.