Fulton Fish Market Welfare Fund
Fulton Fish Market Welfare Fund shows consistent asset growth and no reported officer compensation over the past decade.
EIN: 135562786 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.7M |
| Total Expenses | $4.6M |
| Program Spending | 85% |
| Net Assets | $9.1M |
| Transparency Score | 85/100 |
Is Fulton Fish Market Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fulton Fish Market Welfare Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fulton Fish Market Welfare Fund
Fulton Fish Market Welfare Fund (EIN: 135562786) is a nonprofit organization based in New York, NY. The organization reported total revenue of $6.7M and total assets of $10.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fulton Fish Market Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fulton Fish Market Welfare Fund is a mid-size nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $4.6M |
| Surplus / Deficit | +$489K |
| Total Assets | $10.3M |
| Total Liabilities | $1.2M |
| Net Assets | $9.1M |
| Operating Margin | 9.6% |
| Debt-to-Asset Ratio | 11.8% |
| Months of Reserves | 27.0 months |
Financial Health Grade: A
In 2023, Fulton Fish Market Welfare Fund reported a surplus of $489K with revenue exceeding expenses, holds 27.0 months of operating reserves (strong position), has a debt-to-asset ratio of 11.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fulton Fish Market Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.1% | -12.0% | +2.7% |
| 2022 | -7.2% | +12.4% | +3.5% |
| 2021 | -0.9% | +5.0% | +10.8% |
| 2020 | -11.8% | -16.8% | +20.3% |
| 2019 | -4.6% | -20.8% | +24.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fulton Fish Market Welfare Fund with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Fulton Fish Market Welfare Fund allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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:
- The organization reported a surplus of $489K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual and suggests a volunteer-led executive structure or that compensation is reported under other expense categories, though the former is more likely given the consistent reporting.
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 Fulton Fish Market Welfare Fund's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Fulton Fish Market Welfare Fund:
- Consistent asset growth from $1.8M in 2014 to over $10M in 2023.
- No reported officer compensation across all filings, indicating high efficiency in executive costs.
- Revenues generally exceed expenses, contributing to financial stability.
- Manageable liabilities relative to assets, indicating a strong balance sheet.
Frequently Asked Questions about Fulton Fish Market Welfare Fund
Is Fulton Fish Market Welfare Fund a legitimate charity?
Fulton Fish Market Welfare Fund (EIN: 135562786) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.7M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Fulton Fish Market Welfare Fund spend its money?
Fulton Fish Market Welfare Fund directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Fulton Fish Market Welfare Fund tax-deductible?
Fulton Fish Market Welfare Fund is registered as a tax-exempt nonprofit (EIN: 135562786). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fulton Fish Market Welfare Fund's spending goes to programs?
Fulton Fish Market Welfare Fund directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Fulton Fish Market Welfare Fund located?
Fulton Fish Market Welfare Fund is headquartered in New York, New York and files with the IRS under EIN 135562786.
How many years of IRS 990 filings does Fulton Fish Market Welfare Fund have?
Fulton Fish Market Welfare Fund 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 $6.7M in total revenue.
Is Fulton Fish Market Welfare Fund a good charity?
Based on the available data, the Fulton Fish Market Welfare Fund appears to be a financially stable organization with growing assets and no reported officer compensation, which are positive indicators. However, without detailed expense breakdowns, it's difficult to fully assess its program efficiency.
How has the organization's financial health changed over time?
The organization's financial health has improved significantly, with assets growing from $1,867,739 in 2014 to $10,334,239 in 2023. Revenues have generally exceeded expenses, contributing to this asset growth, though there was a period in 2014 where expenses ($6,655,095) exceeded revenue ($5,610,314).
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated, peaking at $8,488,688 in 2017 and settling around $5-6 million in recent years. Expenses have generally followed a similar trend, staying below revenue in most years, indicating sound financial management.
Filing History
IRS 990 filing history for Fulton Fish Market Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fulton Fish Market Welfare Fund's revenue has grown by 30.3%, moving from $3.9M to $5.1M. Total assets increased by 201.8% over the same period, from $3.4M to $10.3M. Total functional expenses fell by 25.8%, from $6.2M to $4.6M. In its most recent filing year (2023), Fulton Fish Market Welfare Fund reported a surplus of $489K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $10.3M in assets (debt-to-asset ratio: 11.8%), resulting in net assets of $9.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.1M | $4.6M | $10.3M | $1.2M | — | — |
| 2022 | $5.2M | $5.2M | $10.1M | $2.0M | — | — |
| 2021 | $5.6M | $4.6M | $9.7M | $764K | — | View 990 |
| 2020 | $5.7M | $4.4M | $8.8M | $921K | — | — |
| 2019 | $6.5M | $5.3M | $7.3M | $992K | — | View 990 |
| 2018 | $6.8M | $6.7M | $5.9M | $963K | — | View 990 |
| 2017 | $8.5M | $5.8M | $5.7M | $838K | — | View 990 |
| 2016 | $7.2M | $6.3M | $3.1M | $67K | — | View 990 |
| 2015 | $6.6M | $6.5M | $2.0M | $732K | — | View 990 |
| 2014 | $5.6M | $6.7M | $1.9M | $639K | — | View 990 |
| 2013 | $5.5M | $5.7M | $2.7M | $1.0M | — | View 990 |
| 2012 | $4.4M | $5.2M | $2.5M | $640K | — | View 990 |
| 2011 | $3.9M | $6.2M | $3.4M | $891K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.1M, expenses of $4.6M, and assets of $10.3M (revenue -3.1% year-over-year).
- 2022: Revenue of $5.2M, expenses of $5.2M, and assets of $10.1M (revenue -7.2% year-over-year).
- 2021: Revenue of $5.6M, expenses of $4.6M, and assets of $9.7M (revenue -0.9% year-over-year).
- 2020: Revenue of $5.7M, expenses of $4.4M, and assets of $8.8M (revenue -11.8% year-over-year).
- 2019: Revenue of $6.5M, expenses of $5.3M, and assets of $7.3M (revenue -4.6% year-over-year).
- 2018: Revenue of $6.8M, expenses of $6.7M, and assets of $5.9M (revenue -20.2% year-over-year).
- 2017: Revenue of $8.5M, expenses of $5.8M, and assets of $5.7M (revenue +17.4% year-over-year).
- 2016: Revenue of $7.2M, expenses of $6.3M, and assets of $3.1M (revenue +9.8% year-over-year).
- 2015: Revenue of $6.6M, expenses of $6.5M, and assets of $2.0M (revenue +17.4% year-over-year).
- 2014: Revenue of $5.6M, expenses of $6.7M, and assets of $1.9M (revenue +2.4% year-over-year).
- 2013: Revenue of $5.5M, expenses of $5.7M, and assets of $2.7M (revenue +23.7% year-over-year).
- 2012: Revenue of $4.4M, expenses of $5.2M, and assets of $2.5M (revenue +13.7% year-over-year).
- 2011: Revenue of $3.9M, expenses of $6.2M, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fulton Fish Market Welfare Fund:
Data Sources and Methodology
This transparency report for Fulton Fish Market Welfare Fund 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.