Our World Underwater Scholarship Society

Analysis

Our World Underwater Scholarship Society is a registered charity in United States, based in Woodridge, IL. It received its IRS tax-exemption ruling in May 1980, 46 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 May 2023, Our World Underwater Scholarship Society reported income of $316k and spending of $246k, leaving 22% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $262k to $316k (+20%), an average of +6.4% a year. The sharpest change came in the year to May 2023, when income rose by 175%. Over the whole period it spent 55% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Our World Underwater Scholarship Society sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Friends of Fred Meijer Heartland ($315k), Friends of Vallarta Botanical Gardens Ac ($316k) and Southern Wisconsin Land Conservancy Inc ($315k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. At year end it held assets of $955k against liabilities of $32k, net assets of $923k.