Saving Our Sharks Foundation

Analysis

Saving Our Sharks Foundation is a registered charity in United States, based in Berwyn, PA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Saving Our Sharks Foundation reported income of $115k and spending of $400k, spending 348% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $609k to $115k (-81%), an average of -81% a year. The sharpest change came in the year to December 2023, when income dropped by 81%. Over the whole period it spent 100% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Saving Our Sharks Foundation 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 38th percentile within PA. Charities of a similar size with the same main cause include Free State Four Paws ($115k), Celine S Cats and Canines ($115k) and Victory 4 the Voiceless Animal Rescue ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,087 against liabilities of $0, net assets of $1,087.