The Shark Club Inc

Analysis

The Shark Club Inc is a registered charity in United States, based in Murrells Inlt, SC. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Shark Club Inc reported income of $519k and spending of $505k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $383k to $519k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Shark Club Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within SC. Charities of a similar size with the same main cause include West Virginians for Affordablehealth Care ($519k), Covenant Christian School ($519k) and Trailside Day Care Inc ($519k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $826k against liabilities of $209k, net assets of $617k.