National Association of Marine Laboratories Inc

Analysis

National Association of Marine Laboratories Inc is a registered charity in United States, based in Herndon, VA. It received its IRS tax-exemption ruling in May 2015, 11 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 2023, National Association of Marine Laboratories Inc reported income of $185k and spending of $180k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $157k to $185k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Association of Marine Laboratories Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Piedras Blancas Light Station Association Inc ($185k), Texas Council for the Social Studies ($185k) and Insight Productions Inc ($184k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.9% of the total. At year end it held assets of $297k against liabilities of $59k, net assets of $238k.