Shark Coast FC Inc

Analysis

Shark Coast FC Inc is a registered charity in United States, based in New Smyrna, FL. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2023, Shark Coast FC Inc reported income of $193k and spending of $193k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $151k to $193k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Shark Coast FC Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Virginia Gymnastics Booster Club Inc ($193k), Kachemak Swim Club Assoc ($193k) and Fox Valley Hawks Hockey Club ($193k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.