Del Mar Carmel Valley Sharks

Analysis

Del Mar Carmel Valley Sharks is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in July 1993, 33 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Del Mar Carmel Valley Sharks reported income of $3.1m and spending of $3.4m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.1m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Del Mar Carmel Valley Sharks sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Murrieta Youth Soccer League ($3.1m), Girls Leadership Institute Inc ($3.1m) and Fields & Futures Foundation ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $245k (7.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.5m against liabilities of $619k, net assets of $1.8m. It reported 45 employees.