Submersion14 Inc

Analysis

Submersion14 Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Submersion14 Inc reported income of $81k and spending of $73k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $29k to $81k (+177%), an average of +177% a year. The sharpest change came in the year to December 2023, when income rose by 177%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Submersion14 Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include RH Reliable Financial Solutions Inc ($81k), Economic Stimulus Projects for Work and Action ($81k) and Neighborhood Life House Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.