Historic Naval Ships Association Inc

Analysis

Historic Naval Ships Association Inc is a registered charity in United States, based in San Pedro, CA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. 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 September 2023, Historic Naval Ships Association Inc reported income of $162k and spending of $175k, spending 109% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $139k to $162k (+16%), an average of +16% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Naval Ships Association Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Neptunian Womans Club of Manhattan Beach ($161k), Monte Vista Historical Association ($162k) and Fox Chapel Area School District Adult Education Committee ($161k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 42% and program service revenue 22% of the total. At year end it held assets of $95k against liabilities of $62k, net assets of $32k.