Shark Team One Corp

Analysis

Shark Team One Corp is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in July 2016, 10 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, Shark Team One Corp reported income of $164k and spending of $141k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $305k to $164k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 72% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Shark Team One Corp sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Josh and His Critters ($164k), Sos Pets of Ouachita ($164k) and River Valley Animal Welfare Coalition ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $19k (13% of expenses). At year end it held assets of $285k against liabilities of $0, net assets of $285k.