Sharks Baseball Club Inc

Analysis

Sharks Baseball Club Inc is a registered charity in United States, based in Manorville, NY. It received its IRS tax-exemption ruling in January 2017, 9 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 April 2023, Sharks Baseball Club Inc reported income of $245k and spending of $265k, spending 108% of what it took in. Across the 2 years on record, from April 2022 to April 2023, income grew from $116k to $245k (+111%), an average of +111% a year. The sharpest change came in the year to April 2023, when income rose by 111%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sharks Baseball Club Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Massachusetts State Soccer Association Inc ($245k), Rockwall Youth Community Athletics ($245k) and Bulldog Football & Cheer Association ($245k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 0.5% and program service revenue 100% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.