Naval Academy Primary School Association Incorporated

Analysis

Naval Academy Primary School Association Incorporated is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in March 1947, 79 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Naval Academy Primary School Association Incorporated reported income of $3.8m and spending of $3.5m, spending 93% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $2.4m to $3.8m (+57%), an average of +9.5% a year. The sharpest change came in the year to May 2022, when income rose by 57%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Naval Academy Primary School Association Incorporated sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Crown Charter School ($3.8m), Belmont-Redwood Shores Public School Foundation ($3.8m) and International Experience a Non- Profit Corporation ($3.8m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 8.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $159k (4.6% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $1.3m against liabilities of $563k, net assets of $744k. It reported 99 employees.