Society of Sponsors of the United States Navy

Analysis

Society of Sponsors of the United States Navy is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in February 1932, 94 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 April 2024, Society of Sponsors of the United States Navy reported income of $65k and spending of $66k, spending 101% of its income. Across the 6 years on record, from April 2019 to April 2024, income grew from $52k to $65k (+26%), an average of +4.8% a year. The sharpest change came in the year to April 2021, when income rose by 73%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of Sponsors of the United States Navy sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within VA. Charities of a similar size with the same main cause include PTA New Jersey Congress of Parents & Teachers ($65k), Research & Advocacy Institute Gilgit-Baltistan Raigb ($65k) and Browning One ($65k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 28% and program service revenue 3.9% of the total. At year end it held assets of $800k against liabilities of $0, net assets of $800k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.