Desert Sharks Inc

Analysis

Desert Sharks Inc is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Desert Sharks Inc reported income of $200k and spending of $199k, spending 100% of its income. Across the 3 years on record, from December 2019 to December 2022, income fell from $280k to $200k (-29%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 52%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Desert Sharks Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Tuskegee Airmen Inc ($200k), Penn Trafford Soccer Club Ltd ($200k) and Investor Choice Advocates Network ($200k).

At year end it held assets of $48k against liabilities of $0, net assets of $48k.