Naval War College Foundation Inc

Analysis

Naval War College Foundation Inc is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in March 1970, 56 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 December 2023, Naval War College Foundation Inc reported income of $18.1m and spending of $4.8m, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.1m to $18.1m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2023, when income rose by 321%. Over the whole period it spent 43% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Naval War College Foundation Inc 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 97th percentile, and in the 96th percentile within RI. Charities of a similar size with the same main cause include Summit School Inc ($18.1m), Heritage Academy Inc ($18.1m) and Texas Southern University Foundation ($18.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $593k (12% of expenses). Other salaries and wages came to $653k. It paid $285k in professional fundraising fees. At year end it held assets of $66.7m against liabilities of $838k, net assets of $65.8m. It reported 19 employees.