Navy Marine Coast Guard Residence Foundation

Analysis

Navy Marine Coast Guard Residence Foundation is a registered charity in United States, based in MC Lean, VA. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Navy Marine Coast Guard Residence Foundation reported income of $36.2m and spending of $41.5m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $31.1m to $36.2m (+17%), an average of +3.9% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Navy Marine Coast Guard Residence Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include South Shore Young Mens Christian Association ($36.2m), Childrens Home Association of Illinois ($36.3m) and Arkansas Hospice Inc ($36.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $875k (2.1% of expenses). Other salaries and wages came to $15.1m. At year end it held assets of $163.3m against liabilities of $162.1m, net assets of $1.3m. It reported 367 employees.