North Pacific Fishing Vessels Owners Assoc

Analysis

North Pacific Fishing Vessels Owners Assoc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, North Pacific Fishing Vessels Owners Assoc reported income of $632k and spending of $596k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $705k to $632k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, North Pacific Fishing Vessels Owners Assoc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within WA. Charities of a similar size with the same main cause include Sumter Youth Center Inc ($632k), Oak Hills Athletic Booster Club Inc ($633k) and Boys and Girls Club of Clinton County ($632k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $137k (23% of expenses). Other salaries and wages came to $76k. At year end it held assets of $477k against liabilities of $4,453, net assets of $472k. It reported 2 employees.