Navy-Marine Corps Relief Society

Analysis

Navy-Marine Corps Relief Society is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in January 2000, 26 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 December 2023, Navy-Marine Corps Relief Society reported income of $31.1m and spending of $27.9m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $28.4m to $31.1m (+9.5%), an average of +2.3% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Navy-Marine Corps Relief Society sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Mental Health Resources Inc ($31.1m), New York Junior Tennis League Inc ($31.1m) and First Step Inc ($31.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $1.5m (5.3% of expenses). Other salaries and wages came to $11.7m. It paid $169k in professional fundraising fees. At year end it held assets of $142.6m against liabilities of $10.6m, net assets of $132.0m. It reported 214 employees.