Minorities in Shark Sciences

Analysis

Minorities in Shark Sciences is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Minorities in Shark Sciences reported income of $323k and spending of $541k, spending 167% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $621k to $323k (-48%), an average of -48% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minorities in Shark Sciences sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Manners of the Heart ($323k), Faculty-Student Association of Sullivan County Community College ($323k) and Little Hands Preschool ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $64k (12% of expenses). Other salaries and wages came to $5,728. At year end it held assets of $132k against liabilities of $891, net assets of $131k. It reported 2 employees.