Shark Fund

Analysis

Shark Fund is a registered charity in United States, based in Malibu, CA. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Shark Fund reported income of $486k and spending of $382k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $332k to $486k (+47%), an average of +10% a year. The sharpest change came in the year to June 2024, when income rose by 45%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shark Fund 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 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Faith Christian School & Institute of Washington ($486k), Cleveland Builds ($486k) and Des-Cpr ($486k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. It paid $7,500 in professional fundraising fees. At year end it held assets of $318k against liabilities of $0, net assets of $318k.