Gig Harbor Peninsula Fish

Analysis

Gig Harbor Peninsula Fish is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in August 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Gig Harbor Peninsula Fish reported income of $2.4m and spending of $2.5m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $2.4m (+84%), an average of +16% a year. The sharpest change came in the year to September 2021, when income rose by 254%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gig Harbor Peninsula Fish sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Vital Connections of the Midlands Inc ($2.4m), Soar Youth Ministries ($2.4m) and Vineyard Family Services of Central Alabama Inc ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $41k (1.6% of expenses). Other salaries and wages came to $34k. At year end it held assets of $10.2m against liabilities of $2.7m, net assets of $7.5m. It reported 1 employees.