USA Diving Inc

Analysis

USA Diving Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 1981, 45 years ago. 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 December 2022, USA Diving Inc reported income of $3.2m and spending of $3.1m, spending 97% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $2.5m to $3.2m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, USA Diving Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Someplace Safe ($3.2m), American Adoptions of California ($3.2m) and The Regional Medical Center at Memphis Foundation ($3.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 74% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $193k (6.3% of expenses). Other salaries and wages came to $481k. At year end it held assets of $1.5m against liabilities of $563k, net assets of $951k. It reported 8 employees.