Sharks Pacific
EIN: 371982911 · San Diego, CA · NTEE: D34
Is Sharks Pacific Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sharks Pacific
Sharks Pacific (EIN: 371982911) is a nonprofit organization based in San Diego, CA, classified under NTEE code D34. The organization reported total revenue of $4.9M and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sharks Pacific's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sharks Pacific is a mid-size nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 24.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $323K |
| Total Expenses | $170K |
| Surplus / Deficit | +$153K |
| Total Assets | $325K |
| Net Assets | $325K |
| Operating Margin | 47.4% |
| Months of Reserves | 23.0 months |
Financial Health Grade: A
In 2023, Sharks Pacific reported a surplus of $153K with revenue exceeding expenses, holds 23.0 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Sharks Pacific's revenue has grown at a compound annual growth rate (CAGR) of 24.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.3% | +40.8% | +89.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2400 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sharks Pacific has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sharks Pacific with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $153K, with revenue exceeding expenses.
Frequently Asked Questions about Sharks Pacific
Is Sharks Pacific a legitimate charity?
Based on AI analysis of IRS 990 filings, Sharks Pacific (EIN: 371982911) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sharks Pacific spend its money?
Detailed spending breakdown data is not yet available for Sharks Pacific. Check back for updated IRS 990 analysis.
Are donations to Sharks Pacific tax-deductible?
Sharks Pacific is registered as a tax-exempt nonprofit (EIN: 371982911). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Sharks Pacific showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Sharks Pacific's revenue has grown by 24.3%, moving from $260K to $323K. Total assets increased by 89% over the same period, from $172K to $325K. Total functional expenses rose by 40.8%, from $121K to $170K. In its most recent filing year (2023), Sharks Pacific reported a surplus of $153K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $323K | $170K | $325K | $0 | — | — |
| 2022 | $260K | $121K | $172K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sharks Pacific:
Data Sources and Methodology
This transparency report for Sharks Pacific is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.