Atlantic Shark Institute

Analysis

Atlantic Shark Institute is a registered charity in United States, based in Wakefield, RI. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 August 2023, Atlantic Shark Institute reported income of $210k and spending of $129k, leaving 38% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income grew from $94k to $210k (+123%), an average of +123% a year. The sharpest change came in the year to August 2023, when income rose by 123%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Atlantic Shark Institute sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 51st percentile within RI. Charities of a similar size with the same main cause include McCallum Theatre Foundation Inc ($210k), International Alliance of Chaplains and Law Enforcement Inc ($210k) and Three Oaks Spokes Bicycle Club ($210k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. At year end it held assets of $210k against liabilities of $23k, net assets of $186k.