Shark Angels Inc

Analysis

Shark Angels Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2004, 22 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, Shark Angels Inc reported income of $196k and spending of $165k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $165k to $196k (+19%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 85% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Shark Angels Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Floyd County Humane Society Inc ($196k), Serenity Equine Rescue and Rehabilitation ($196k) and Rocky Mountain House Rabbit Rescue ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $190k against liabilities of $16k, net assets of $174k.