Navtek Foundation

Analysis

Navtek Foundation is a registered charity in United States, based in Kissimmee, FL. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Navtek Foundation reported income of $75k and spending of $43k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $15k to $75k (+397%), an average of +397% a year. The sharpest change came in the year to December 2023, when income rose by 397%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Navtek Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 33rd percentile within FL. Charities of a similar size with the same main cause include Centralia High School Alumniassociation NFP ($75k), Maine Curriculum Leaders Association ($75k) and Kentucky Association for College Admission Counseling Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $52k against liabilities of $3,003, net assets of $49k.