North Kitsap Fishline

Analysis

North Kitsap Fishline is a registered charity in United States, based in Poulsbo, WA. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Kitsap Fishline reported income of $4.7m and spending of $4.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.7m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, North Kitsap Fishline sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Aroostook Area Agency on Aging Inc ($4.7m), Maggies Place Inc ($4.7m) and Solid Ground ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $124k (2.7% of expenses). Other salaries and wages came to $790k. At year end it held assets of $7.8m against liabilities of $318k, net assets of $7.5m. It reported 27 employees.