Dive Lab

Analysis

Dive Lab is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in May 2022, 4 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 (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, Dive Lab reported income of $230k and spending of $259k, spending 113% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $183k to $230k (+25%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Dive Lab 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 Poway Wrestling Foundation ($230k), Seneca Valley Swim Club ($230k) and Elite Athletic Cheer ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Other salaries and wages came to $163k. At year end it held assets of $35k against liabilities of $0, net assets of $35k. It reported 2 employees.