Learn Scuba Chicago Inc

Analysis

Learn Scuba Chicago Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Learn Scuba Chicago Inc reported income of $148k and spending of $272k, spending 184% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $227k to $148k (-35%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 129% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Learn Scuba Chicago Inc 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 47th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include Turlock Youth Football ($148k), Lynden Youth Sports Inc ($148k) and Mission Rowing ($148k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 102% of the total. Compensation of current officers, directors and key employees was $3,159 (1.2% of expenses). Other salaries and wages came to $79k. At year end it held assets of $304k against liabilities of $577k, net assets of -$272k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.