Dive Pirates Foundation

Analysis

Dive Pirates Foundation is a registered charity in United States, based in The Woodlands, TX. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Dive Pirates Foundation reported income of $328k and spending of $380k, spending 116% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $329k to $328k (-0.3%), an average of -0.1% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dive Pirates Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Cooking with Gabby ($328k), Franklin County Senior Citizens Inc ($328k) and Serenity Homes ($328k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 26% and program service revenue 48% of the total. At year end it held assets of $100k against liabilities of $31k, net assets of $69k.