Navy Supply Corps Foundation Incorporated

Analysis

Navy Supply Corps Foundation Incorporated is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in February 1971, 55 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 2022, Navy Supply Corps Foundation Incorporated reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $640k to $1.2m (+85%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 218%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Navy Supply Corps Foundation Incorporated sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Las Vegas-Clark County Library District Foundation Inc ($1.2m), Association of Amherst Students Inc ($1.2m) and Clark Technical College Scholarship Foundation ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $105k (8.9% of expenses). Other salaries and wages came to $71k. At year end it held assets of $6.6m against liabilities of $306k, net assets of $6.3m. It reported 3 employees.