Underwater Society of America Inc

Analysis

Underwater Society of America Inc is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in September 1980, 46 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, Underwater Society of America Inc reported income of $236k and spending of $259k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $236k (+226%), an average of +226% a year. The sharpest change came in the year to December 2023, when income rose by 226%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Underwater Society of America Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Mbu Water Polo Foundation ($236k), Westport Fair ($236k) and Ghosts of Steel ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 5.3% of the total. At year end it held assets of $106k against liabilities of $0, net assets of $106k.