United States Naval Academy Alumni Assoc

Analysis

United States Naval Academy Alumni Assoc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in September 2007, 19 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 June 2023, United States Naval Academy Alumni Assoc reported income of $26.3m and spending of $15.2m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.6m to $26.3m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, United States Naval Academy Alumni Assoc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Calvert School Inc ($26.3m), Heathwood Hall Episcopal School ($26.3m) and Institute for Better Education ($26.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $1.0m (6.6% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $150.5m against liabilities of $9.4m, net assets of $141.1m. It reported 56 employees.