Institute of Navigation

Analysis

Institute of Navigation is a registered charity in United States, based in Manassas, VA. It received its IRS tax-exemption ruling in October 1946, 80 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 March 2024, Institute of Navigation reported income of $5.1m and spending of $3.1m, leaving 40% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $3.2m to $5.1m (+60%), an average of +12% a year. The sharpest change came in the year to March 2022, when income rose by 227%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Institute of Navigation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Center for Curatorial Leadership ($5.1m), Lemay-Americas Car Museum ($5.1m) and WSKG Public Telecommunications Council ($5.1m).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 84% of the total. Compensation of current officers, directors and key employees was $479k (16% of expenses). Other salaries and wages came to $500k. At year end it held assets of $23.0m against liabilities of $1.6m, net assets of $21.4m. It reported 8 employees.