Foundation for Underwater Research and Education Inc

Analysis

Foundation for Underwater Research and Education Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in May 1991, 35 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 2023, Foundation for Underwater Research and Education Inc reported income of $50k and spending of $69k, spending 138% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $6,500 to $50k (+672%), an average of +672% a year. The sharpest change came in the year to December 2023, when income rose by 672%. Over the whole period it spent 131% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Underwater Research and Education Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within VA. Charities of a similar size with the same main cause include Historic Elsah Foundation ($50k), PTA Florida Congress ($50k) and Association of Fundraising Professionals ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 20% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.