Navy League of the United States

Analysis

Navy League of the United States is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in April 1984, 42 years ago. 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 League of the United States reported income of $761k and spending of $965k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $681k to $761k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income dropped by 41%. Over the whole period it spent 160% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Navy League of the United States sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Ear Foundation of Arizona ($761k), Genesee County Agricultural Society ($761k) and Victory in the Valley Inc ($760k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $125k (13% of expenses). Other salaries and wages came to $181k. At year end it held assets of $2.1m against liabilities of $7,617, net assets of $2.1m. It reported 4 employees.