U S Submarine Veterans Charitable Foundation Inc

Analysis

U S Submarine Veterans Charitable Foundation Inc is a registered charity in United States, based in Groton, CT. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 January 2024, U S Submarine Veterans Charitable Foundation Inc reported income of $132k and spending of $222k, spending 168% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income fell from $137k to $132k (-3.1%), an average of -0.8% a year. The sharpest change came in the year to January 2022, when income rose by 94%. Over the whole period it spent 119% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, U S Submarine Veterans Charitable Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within CT. Charities of a similar size with the same main cause include Womens University Club of Seattle ($132k), Bears Football Club of Monument Colorado ($132k) and Drive Safe Hampton Roads Inc ($132k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 81% of the total. At year end it held assets of $978k against liabilities of $0, net assets of $978k.