Old Naval Hospital Foundation

Analysis

Old Naval Hospital Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2003, 23 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 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, Old Naval Hospital Foundation reported income of $1.9m and spending of $1.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.9m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Old Naval Hospital Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 66th percentile within DC. Charities of a similar size with the same main cause include Hill-Stead Museum ($1.9m), Wcij Inc ($1.9m) and United Arts Council of Greater Greensboro Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $181k (9.8% of expenses). Other salaries and wages came to $355k. At year end it held assets of $11.8m against liabilities of $131k, net assets of $11.7m. It reported 13 employees.