U S Submarine Veterans Charitable Foundation Inc is a 501(c)(3) organization based in Groton, Connecticut, registered in 2000, with $633,103 in FY2025 revenue. CharityIndex grades it B.
Revenue (FY2025)
$633K
▲ 378.7% vs prior year
Education median: $200K
Expenses (FY2025)
$374K
Net assets
$1.4M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for U S Submarine Veterans Charitable Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For U S Submarine Veterans Charitable Foundation Inc: 44 mo reserves · +41% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for U S Submarine Veterans Charitable Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For U S Submarine Veterans Charitable Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $100K (FY2016) to $633K (FY2025) across 9 reported years.
Financial snapshot
Operating margin
40.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.4M
Total liabilities
$0
Net assets
$1.4M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $633,103▲379% | $373,868▲68.0% | $1,356,689▲38.7% | $1,356,689▲38.7% | 990 |
| 2023 | $132,264▼46.0% | $222,490▼5.1% | $977,940▼4.9% | $977,940▼4.9% | 990 |
| 2022 | $244,748▲30.6% | $234,526▲22.0% | $1,028,494▼6.6% | $1,028,494▼6.6% | 990 |
| 2021 | $187,388▲94.4% | $192,191▲34.9% | $1,101,315▲0.9% | $1,101,315▲0.9% | 990 |
| 2020 | $96,374▼29.4% | $142,477▼7.4% | $1,091,668▲5.0% | $1,091,668▲5.0% | 990 |
| 2019 | $136,548▲67.9% | $153,780▲38.0% | $1,039,639▲3.6% | $1,039,639▲3.6% | 990 |
| 2018 | $81,312▼54.2% | $111,469▲48.9% | $1,003,718▼5.9% | $1,003,718▼5.9% | 990 |
| 2017 | $177,589▲76.9% | $74,878▲10.3% | $1,066,339▲17.3% | $1,066,339▲17.3% | 990 |
| 2016 | $100,384 | $67,893 | $909,123 | $909,123 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
2 grants to U S Submarine Veterans Charitable Foundation Inc totaling $37K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $7,050 |
| Minneapolis Foundation | Donor-recommended, human services | 2021 | $30,000 |
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Data for U S Submarine Veterans Charitable Foundation Inc (EIN 95-4830806) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.