Sharks Pacific

Analysis

Sharks Pacific is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 Pacific reported income of $323k and spending of $170k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $260k to $323k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 50% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Sharks Pacific sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Milford Humane Society Inc ($323k), Speak for the Unspoken ($323k) and Animal Guardian Network Inc ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $67k (40% of expenses). At year end it held assets of $325k against liabilities of $0, net assets of $325k.