The Shark Club Inc
EIN: 331022599 · Murrells Inlt, SC · NTEE: B94
| Metric | Value |
|---|---|
| Total Revenue | $950K |
| Total Expenses | $505K |
| Net Assets | $617K |
Is The Shark Club Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Shark Club Inc
The Shark Club Inc (EIN: 331022599) is a nonprofit organization based in Murrells Inlt, SC, classified under NTEE code B94. The organization reported total revenue of $950K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Shark Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Shark Club Inc is a small nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $519K |
| Total Expenses | $505K |
| Surplus / Deficit | +$14K |
| Total Assets | $826K |
| Total Liabilities | $209K |
| Net Assets | $617K |
| Operating Margin | 2.7% |
| Debt-to-Asset Ratio | 25.3% |
| Months of Reserves | 19.6 months |
Financial Health Grade: A
In 2023, The Shark Club Inc reported a surplus of $14K with revenue exceeding expenses, holds 19.6 months of operating reserves (strong position), has a debt-to-asset ratio of 25.3% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), The Shark Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.5% | +13.8% | -1.0% |
| 2022 | +36.8% | +30.2% | +13.2% |
| 2021 | +45.6% | +6.7% | +70.1% |
| 2020 | -26.4% | -8.1% | -21.4% |
| 2019 | +9.4% | +12.1% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Shark Club Inc 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 The Shark Club Inc 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 $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.3%.
Frequently Asked Questions about The Shark Club Inc
Is The Shark Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Shark Club Inc (EIN: 331022599) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Shark Club Inc spend its money?
Detailed spending breakdown data is not yet available for The Shark Club Inc. Check back for updated IRS 990 analysis.
Are donations to The Shark Club Inc tax-deductible?
The Shark Club Inc is registered as a tax-exempt nonprofit (EIN: 331022599). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Shark Club Inc located?
The Shark Club Inc is headquartered in Murrells Inlt, South Carolina and files with the IRS under EIN 331022599. It is classified under NTEE code B94.
How many years of IRS 990 filings does The Shark Club Inc have?
The Shark Club Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $950K in total revenue.
Filing History
IRS 990 filing history for The Shark Club Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), The Shark Club Inc's revenue has grown by 166.2%, moving from $195K to $519K. Total assets increased by 827% over the same period, from $89K to $826K. Total functional expenses rose by 191.3%, from $173K to $505K. In its most recent filing year (2023), The Shark Club Inc reported a surplus of $14K, with revenue exceeding expenses. The organization holds $209K in liabilities against $826K in assets (debt-to-asset ratio: 25.3%), resulting in net assets of $617K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $519K | $505K | $826K | $209K | — | — |
| 2022 | $561K | $444K | $834K | $230K | — | View 990 |
| 2021 | $410K | $341K | $737K | $250K | — | View 990 |
| 2020 | $282K | $320K | $433K | $15K | — | View 990 |
| 2019 | $383K | $348K | $551K | $95K | — | View 990 |
| 2018 | $350K | $310K | $534K | $114K | — | View 990 |
| 2017 | $404K | $340K | $521K | $140K | — | View 990 |
| 2016 | $328K | $295K | $490K | $174K | — | View 990 |
| 2015 | $287K | $232K | $451K | $168K | — | View 990 |
| 2014 | $297K | $235K | $231K | $3K | — | View 990 |
| 2013 | $282K | $259K | $185K | $18K | — | View 990 |
| 2012 | $298K | $271K | $149K | $6K | — | View 990 |
| 2011 | $258K | $229K | $119K | $4K | — | View 990 |
| 2010 | $195K | $173K | $89K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $519K, expenses of $505K, and assets of $826K (revenue -7.5% year-over-year).
- 2022: Revenue of $561K, expenses of $444K, and assets of $834K (revenue +36.8% year-over-year).
- 2021: Revenue of $410K, expenses of $341K, and assets of $737K (revenue +45.6% year-over-year).
- 2020: Revenue of $282K, expenses of $320K, and assets of $433K (revenue -26.4% year-over-year).
- 2019: Revenue of $383K, expenses of $348K, and assets of $551K (revenue +9.4% year-over-year).
- 2018: Revenue of $350K, expenses of $310K, and assets of $534K (revenue -13.4% year-over-year).
- 2017: Revenue of $404K, expenses of $340K, and assets of $521K (revenue +23.1% year-over-year).
- 2016: Revenue of $328K, expenses of $295K, and assets of $490K (revenue +14.4% year-over-year).
- 2015: Revenue of $287K, expenses of $232K, and assets of $451K (revenue -3.2% year-over-year).
- 2014: Revenue of $297K, expenses of $235K, and assets of $231K (revenue +5.0% year-over-year).
- 2013: Revenue of $282K, expenses of $259K, and assets of $185K (revenue -5.2% year-over-year).
- 2012: Revenue of $298K, expenses of $271K, and assets of $149K (revenue +15.3% year-over-year).
- 2011: Revenue of $258K, expenses of $229K, and assets of $119K (revenue +32.5% year-over-year).
- 2010: Revenue of $195K, expenses of $173K, and assets of $89K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Shark Club Inc:
Data Sources and Methodology
This transparency report for The Shark Club Inc 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.