West Chicago Sharks Inc

Analysis

West Chicago Sharks Inc is a registered charity in United States, based in Batavia, IL. It received its IRS tax-exemption ruling in December 2005, 21 years ago. 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, West Chicago Sharks Inc reported income of $312k and spending of $239k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $312k (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Chicago Sharks Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Sanatoga Fire Co of Sanatoga Pa ($312k), Cleghorn Music Ministries Inc ($312k) and Coastal Education and Research Foundation Inc ($312k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Other salaries and wages came to $117k. At year end it held assets of $308k against liabilities of $0, net assets of $308k.