Scotch & Sharks Inc

Analysis

Scotch & Sharks Inc is a registered charity in United States, based in Deerfield BCH, FL. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 2023, Scotch & Sharks Inc reported income of $118k and spending of $91k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $118k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Scotch & Sharks Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Opelika Kiwanis Foundation Inc ($118k), Charlottesville Area Association of Realtors Foundation ($118k) and Greg Wolf Fund Inc ($118k).

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 $46k against liabilities of $0, net assets of $46k.