Micronesian Shark Foundation

Analysis

Micronesian Shark Foundation is a registered charity in United States, based in Koror, PW. It received its IRS tax-exemption ruling in July 2007, 19 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, Micronesian Shark Foundation reported income of $50k and spending of $7,511, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $90k to $50k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 15% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Micronesian Shark Foundation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 50th percentile within PW. Charities of a similar size with the same main cause include Friends of the Preserve Inc ($50k), Buster Foundation ($50k) and International Society for Companionanimal Infectious Diseases ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $174k against liabilities of $67k, net assets of $107k.