Institute of Nautical Archaelolgy Foundation

Analysis

Institute of Nautical Archaelolgy Foundation is a registered charity in United States, based in College Sta, TX. It received its IRS tax-exemption ruling in February 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 August 2023, Institute of Nautical Archaelolgy Foundation reported income of $851k and spending of $633k, leaving 26% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.7m to $851k (-49%), an average of -15% a year. The sharpest change came in the year to August 2022, when income rose by 356%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute of Nautical Archaelolgy Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include University Camps ($851k), District of Washington of the Society of St Vincent de Paul Inc ($851k) and Roanoke Area Ministries ($850k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $19.5m against liabilities of $0, net assets of $19.5m.