Global Underwater Explorers Inc

Analysis

Global Underwater Explorers Inc is a registered charity in United States, based in High Springs, FL. It received its IRS tax-exemption ruling in July 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Global Underwater Explorers Inc reported income of $860k and spending of $794k, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $809k to $860k (+6.4%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Global Underwater Explorers Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include The in Series Inc ($860k), Dirt Palace Public Projects ($861k) and Art Center Sarasota ($860k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 4.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $115k (14% of expenses). Other salaries and wages came to $150k. At year end it held assets of $478k against liabilities of $5,616, net assets of $473k. It reported 9 employees.