MV Sharks Baseball Foundation

Analysis

MV Sharks Baseball Foundation is a registered charity in United States, based in Vineyard HVN, MA. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2022, MV Sharks Baseball Foundation reported income of $484k and spending of $473k, spending 98% of its income. Across the 3 years on record, from December 2019 to December 2022, income grew from $274k to $484k (+77%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, MV Sharks Baseball Foundation 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 70th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include RPHS All-Sports Booster Club ($484k), Bayside Soccer Club Inc ($484k) and Roosevelt Athletic Boosters Club ($484k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $50k against liabilities of $17k, net assets of $34k.