Naval Submarine League

Analysis

Naval Submarine League is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in July 1985, 41 years ago. 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 March 2023, Naval Submarine League reported income of $70k and spending of $67k, spending 95% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $78k to $70k (-9.7%), an average of -2.5% a year. The sharpest change came in the year to March 2022, when income rose by 401%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Naval Submarine League sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within VA. Charities of a similar size with the same main cause include New Day Equines Therapy ($70k), Governor Mifflin Soccer Club ($70k) and Legal Aid Society of Monmouth County 599 Lake Avenue ($70k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.