Friends of Georgetown-Scott County Sharks Inc

Analysis

Friends of Georgetown-Scott County Sharks Inc is a registered charity in United States, based in Georgetown, KY. It received its IRS tax-exemption ruling in July 2021, 5 years ago. 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, Friends of Georgetown-Scott County Sharks Inc reported income of $100k and spending of $101k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $100k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Georgetown-Scott County Sharks Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within KY. Charities of a similar size with the same main cause include Avila Beach Civic Association ($100k), Iowa Chapter of the American Academy of Pediatrics ($100k) and Mayville Area Share Shop ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.