Academy of Underwater Arts and Sciences

Analysis

Academy of Underwater Arts and Sciences is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 2023, Academy of Underwater Arts and Sciences reported income of $75k and spending of $63k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $75k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Academy of Underwater Arts and Sciences sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Information Clearinghouse for Chinese Gays and Lesbians ($74k), East Texas Youth Orchestra Inc ($75k) and National Fashion Foundation Corp ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k.