8687 Columbus Sharks

Analysis

8687 Columbus Sharks is a registered charity in United States, based in Galena, OH. It received its IRS tax-exemption ruling in March 2002, 24 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 August 2024, 8687 Columbus Sharks reported income of $295k and spending of $280k, spending 95% of its income. Across the 4 years on record, from August 2021 to August 2024, income grew from $259k to $295k (+14%), an average of +4.5% a year. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, 8687 Columbus Sharks sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include River City Gymnastics Club Inc ($295k), First Shot Foundation ($295k) and Winchester Arms Collectors Assoc ($295k).

Other salaries and wages came to $44k. At year end it held assets of $30k against liabilities of $0, net assets of $30k. It reported 2 employees.