Divers Alert Network

Analysis

Divers Alert Network is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in November 1990, 36 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, Divers Alert Network reported income of $14.3m and spending of $13.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.3m to $14.3m (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 239%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Divers Alert Network sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Crystal Cove Conservancy ($14.1m), Town Branch Park Inc ($14.3m) and Prospect Park Alliance Inc ($14.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $973k (7.2% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $45.0m against liabilities of $1.9m, net assets of $43.1m. It reported 49 employees.