Naval Continuing Care Retirement Foundation Inc

Analysis

Naval Continuing Care Retirement Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in January 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Naval Continuing Care Retirement Foundation Inc reported income of $62.7m and spending of $57.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $43.4m to $62.7m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Naval Continuing Care Retirement Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include New Hope Community Inc ($62.5m), Hospice Care Network ($62.8m) and Open Arms Care Corporation ($62.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $2.2m (3.8% of expenses). Other salaries and wages came to $16.9m. At year end it held assets of $275.6m against liabilities of $270.5m, net assets of $5.1m. It reported 683 employees.