Naval History Foundation of South Texas

Analysis

Naval History Foundation of South Texas is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Naval History Foundation of South Texas reported income of $5.3m and spending of $338, leaving 100% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $219k to $5.3m (+2313%), an average of +2313% a year. The sharpest change came in the year to December 2022, when income rose by 2313%. Over the whole period it spent 1.2% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Naval History Foundation of South Texas sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Creative Discovery Museum ($5.3m), James a Michener Art Museum ($5.3m) and Merola Opera Program ($5.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 95% of the total. At year end it held assets of $14.7m against liabilities of $1,276, net assets of $14.7m.