Navy Seabee Foundation

Analysis

Navy Seabee Foundation is a registered charity in United States, based in Springfield, VA. It received its IRS tax-exemption ruling in January 1971, 55 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 December 2023, Navy Seabee Foundation reported income of $1.6m and spending of $914k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+35%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Navy Seabee Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Madison Community Cooperative ($1.6m), Piloted Schools of Nevada Inc ($1.6m) and San Miguel Febres Cordero School Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $67k (7.3% of expenses). Other salaries and wages came to $127k. At year end it held assets of $14.2m against liabilities of $19k, net assets of $14.1m. It reported 3 employees.