Florida Fishing Academy Inc

Florida Fishing Academy Inc consistently grows revenue and assets with no reported officer compensation.

EIN: 161775538 · Port St Lucie, FL · NTEE: N61 · Updated: 2026-03-28

$846KRevenue
$697KGross Revenue
$976KAssets
92/100Mission Score (Excellent)
N61

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Florida Fishing Academy Inc Financial Summary
MetricValue
Total Revenue$846K
Total Expenses$437K
Program Spending90%
CEO/Top Officer Pay$481,613
Net Assets$607K
Transparency Score92/100

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Florida Fishing Academy Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Florida Fishing Academy Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Florida Fishing Academy Inc in one place.

Form 990 Filing Summary

13 filing years are available, with latest revenue of $482K and expenses of $437K.

Revenue and Expenses

Florida Fishing Academy Inc reported $482K in revenue and $437K in expenses, a surplus of $45K.

Executive Compensation

Top officer compensation appears as $481,613 in the stored analysis, with context against revenue and expenses below.

Charity Score and Red Flags

92/100 mission score, 1 red flag, and 5 strengths are shown from structured and AI review.

Is Florida Fishing Academy Inc Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
1 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
90%Program Expense
$0Grants Paid
13Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Florida Fishing Academy Inc Expense Deployment
Program services$393K (90%)

Across stored filings, Florida Fishing Academy Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 1 red flag identified
Mission spend90% to programsExcellent
Financial durabilityGrade A13 stored filing years
Peer contextCompare with Cornelia Warren Community Assn IncFlorida and Category N context

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Florida Fishing Academy Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Florida Fishing Academy Inc

Florida Fishing Academy Inc (EIN: 161775538) is a nonprofit organization based in Port St Lucie, FL, classified under NTEE code N61. The organization reported total revenue of $846K and total assets of $976K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Florida Fishing Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

19Years Operating
SmallSize Classification
13Years of Filings
MixedRevenue Trajectory

Florida Fishing Academy Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.1%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$482K
Total Expenses$437K
Surplus / Deficit+$45K
Total Assets$673K
Total Liabilities$66K
Net Assets$607K
Operating Margin9.2%
Debt-to-Asset Ratio9.9%
Months of Reserves18.5 months

Financial Health Grade: A

In 2023, Florida Fishing Academy Inc reported a surplus of $45K with revenue exceeding expenses, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 9.9% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Florida Fishing Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.

YearRevenue ChangeExpense ChangeAsset Change
2023-0.6%+5.8%+19.9%
2022-8.6%-2.3%+12.9%
2021+51.4%+50.2%+16.4%
2020-23.6%-36.8%+35.7%
2019+34.1%+1.4%+8.7%

IRS Tax-Exempt Classification

IRS Classification Codes2100
IRS Ruling Date2007

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Florida Fishing Academy Inc demonstrates consistent financial growth and a strong commitment to its programmatic mission. Over the past five years, the organization has seen its revenue increase from $350,185 in 2020 to $481,613 in 2023, indicating a healthy upward trend in funding. Expenses have also grown, but generally at a sustainable pace relative to revenue, with the organization consistently operating with a surplus in recent years (e.g., $44,539 surplus in 2023). This financial stability is further supported by a growing asset base, reaching $672,915 in 2023, while liabilities remain relatively low, suggesting good financial management. The organization's spending efficiency appears robust, with a significant portion of its expenditures directed towards programs. While specific breakdowns for administrative and fundraising costs are not provided in the summary data, the consistent reporting of 0% officer compensation across all filings is a strong indicator of a lean operational structure and a focus on mission-driven spending. This lack of executive compensation suggests that leadership may be volunteer-based or compensated through other means not classified as officer compensation, which can contribute to higher program efficiency. The consistent surpluses also allow for asset accumulation, providing a buffer for future operations and program expansion. Transparency is generally good, given the consistent filing of IRS Form 990s over 13 periods. The absence of reported officer compensation is a notable point for transparency, as it indicates either volunteer leadership or compensation structures that do not fall under the typical 'officer compensation' category, which could warrant further inquiry for a complete picture. However, the overall financial health, characterized by revenue growth, asset accumulation, and controlled liabilities, paints a positive picture of a well-managed and program-focused nonprofit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Florida Fishing Academy Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

  • admin: 5%
  • programs: 90%
  • fundraising: 5%

According to IRS 990 filings, Florida Fishing Academy Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

$482KTotal Revenue
$437KTotal Expenses
$673KTotal Assets
$66KTotal Liabilities
$607KNet Assets
  • The organization reported a surplus of $45K, with revenue exceeding expenses.
  • Debt-to-asset ratio: 9.9%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size (latest revenue $481,613) and suggests either volunteer leadership or compensation structured in a way not reported as officer compensation on the 990.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Florida Fishing Academy Inc's IRS 990 filings:

  • Lack of reported officer compensation, which is unusual for an organization of this size and warrants further investigation into leadership compensation structure.

Strengths

The following positive indicators were identified for Florida Fishing Academy Inc:

  • Consistent revenue growth, increasing from $350,185 in 2020 to $481,613 in 2023.
  • Healthy asset accumulation, with assets growing from $427,097 in 2020 to $672,915 in 2023.
  • Low liabilities relative to assets, indicating strong financial stability (e.g., $66,352 liabilities vs. $672,915 assets in 2023).
  • Consistent operational surpluses in recent years (e.g., $44,539 in 2023 and $71,411 in 2022), allowing for reinvestment and growth.
  • Long history of IRS 990 filings (13 filings), indicating transparency and compliance.

Frequently Asked Questions about Florida Fishing Academy Inc

Is Florida Fishing Academy Inc a legitimate charity?

Florida Fishing Academy Inc (EIN: 161775538) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $846K. 1 red flag identified. 5 strengths noted. Financial health grade: A.

How does Florida Fishing Academy Inc spend its money?

Florida Fishing Academy Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.

Are donations to Florida Fishing Academy Inc tax-deductible?

Florida Fishing Academy Inc is registered as a tax-exempt nonprofit (EIN: 161775538). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How much does the Florida Fishing Academy Inc CEO make?

Florida Fishing Academy Inc's highest-compensated officer earns $481,613 annually. The organization reported $846K in total revenue. Executive compensation data is disclosed in IRS 990 filings.

What percentage of Florida Fishing Academy Inc's spending goes to programs?

Florida Fishing Academy Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

How does Florida Fishing Academy Inc compare to similar nonprofits?

With a transparency score of 92/100 (Excellent), Florida Fishing Academy Inc is above average for NTEE category N61 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Florida Fishing Academy Inc located?

Florida Fishing Academy Inc is headquartered in Port St Lucie, Florida and files with the IRS under EIN 161775538. It is classified under NTEE code N61.

How many years of IRS 990 filings does Florida Fishing Academy Inc have?

Florida Fishing Academy Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $846K in total revenue.

How does Florida Fishing Academy Inc compensate its leadership if no officer compensation is reported?

The IRS 990 filings consistently show 0% officer compensation. This could mean that the leadership is entirely volunteer-based, or their compensation is categorized differently (e.g., as program staff salaries if they also deliver programs) and not reported under 'officer compensation' on the 990. Further investigation into their detailed expense breakdown would be needed to clarify.

What is the specific breakdown of program, administrative, and fundraising expenses?

The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. While the overall financial health is good, a detailed 990 would be needed to precisely determine these ratios beyond an estimation.

Is the organization's revenue growth sustainable?

Yes, the organization has shown consistent revenue growth from $350,185 in 2020 to $481,613 in 2023, alongside a growing asset base. This trend suggests sustainable growth, provided expenses remain well-managed.

Filing History

IRS 990 filing history for Florida Fishing Academy Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Florida Fishing Academy Inc's revenue has grown by 218%, moving from $151K to $482K. Total assets increased by 451% over the same period, from $122K to $673K. Total functional expenses rose by 243%, from $127K to $437K. In its most recent filing year (2023), Florida Fishing Academy Inc reported a surplus of $45K, with revenue exceeding expenses. The organization holds $66K in liabilities against $673K in assets (debt-to-asset ratio: 9.9%), resulting in net assets of $607K.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $482K $437K $673K $66K View 990
2022 $484K $413K $561K $4K View 990
2021 $530K $423K $497K $3K View 990
2020 $350K $281K $427K $47K View 990
2019 $458K $446K $315K $4K View 990
2018 $342K $439K $290K $6K View 990
2017 $317K $342K $387K $6K View 990
2016 $272K $311K $412K $7K View 990
2015 $195K $296K $644K $199K View 990
2014 $277K $262K $552K $6K View 990
2013 $561K $249K $620K $89K View 990
2012 $371K $192K $303K $85K View 990
2011 $151K $127K $122K $82K View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $482K, expenses of $437K, and assets of $673K (revenue -0.6% year-over-year).
  • 2022: Revenue of $484K, expenses of $413K, and assets of $561K (revenue -8.6% year-over-year).
  • 2021: Revenue of $530K, expenses of $423K, and assets of $497K (revenue +51.4% year-over-year).
  • 2020: Revenue of $350K, expenses of $281K, and assets of $427K (revenue -23.6% year-over-year).
  • 2019: Revenue of $458K, expenses of $446K, and assets of $315K (revenue +34.1% year-over-year).
  • 2018: Revenue of $342K, expenses of $439K, and assets of $290K (revenue +7.8% year-over-year).
  • 2017: Revenue of $317K, expenses of $342K, and assets of $387K (revenue +16.7% year-over-year).
  • 2016: Revenue of $272K, expenses of $311K, and assets of $412K (revenue +39.3% year-over-year).
  • 2015: Revenue of $195K, expenses of $296K, and assets of $644K (revenue -29.6% year-over-year).
  • 2014: Revenue of $277K, expenses of $262K, and assets of $552K (revenue -50.7% year-over-year).
  • 2013: Revenue of $561K, expenses of $249K, and assets of $620K (revenue +51.4% year-over-year).
  • 2012: Revenue of $371K, expenses of $192K, and assets of $303K (revenue +144.8% year-over-year).
  • 2011: Revenue of $151K, expenses of $127K, and assets of $122K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Florida Fishing Academy Inc:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

Data Sources and Methodology

This transparency report for Florida Fishing Academy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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