Surface Navy Association

Analysis

Surface Navy Association is a registered charity in United States, based in Springfield, VA. It received its IRS tax-exemption ruling in July 1985, 41 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2022, Surface Navy Association reported income of $2.0m and spending of $2.0m, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.7m to $2.0m (+19%), an average of +5.8% a year. The sharpest change came in the year to December 2022, when income rose by 109%. Over the whole period it spent 104% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Surface Navy Association 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 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include American Friends of the Alliance Israelite Universelle Inc ($2.0m), Chaine de L Espoir USA ($2.0m) and Iowa Mennonite Crowded Closet ($2.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.7% and program service revenue 90% of the total. At year end it held assets of $2.9m against liabilities of $1.4m, net assets of $1.5m.