Navy Seal Foundation Inc

Analysis

Navy Seal Foundation Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in October 2000, 26 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, Navy Seal Foundation Inc reported income of $41.5m and spending of $33.9m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.1m to $41.5m (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Navy Seal Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Fox Theatre Inc ($41.4m), National Bureau of Economic Research Inc ($41.7m) and Jorge M Perez Art Museum of Miami Dade County Inc ($41.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $589k (1.7% of expenses). Other salaries and wages came to $2.1m. It paid $109k in professional fundraising fees. At year end it held assets of $153.6m against liabilities of $14.6m, net assets of $139.0m. It reported 26 employees.