Sharks Alumni Foundation

Analysis

Sharks Alumni Foundation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, Sharks Alumni Foundation reported income of $52k and spending of $24k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $36k to $52k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 73% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Sharks Alumni Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Feed His Sheep Ministries Incorporated ($52k), Northside Cal Ripken Baseball League of Charlottesville-Albemarl ($52k) and Urban Mountain Adventures ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $215k against liabilities of $0, net assets of $215k.