Scubanauts International Inc

Analysis

Scubanauts International Inc is a registered charity in United States, based in Dunedin, FL. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Scubanauts International Inc reported income of $184k and spending of $187k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $157k to $184k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 107% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Scubanauts International Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Walton Robotics Foundation ($184k), Billerica Youth Basketball Inc ($184k) and The Glo House Inc ($183k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 53% of the total. At year end it held assets of $103k against liabilities of $0, net assets of $103k.