Shark Allies

Analysis

Shark Allies is a registered charity in United States, based in Studio City, CA. It received its IRS tax-exemption ruling in March 2015, 11 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 Allies reported income of $118k and spending of $131k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $180k to $118k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 96% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Shark Allies sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Noahs Arc ($118k), Nebraska No Kill Canine Rescue ($118k) and Pets Stop Here Inc ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $52k against liabilities of $17k, net assets of $35k.