Palm Beach Navy Seal Evening of Tribute Inc

Analysis

Palm Beach Navy Seal Evening of Tribute Inc is a registered charity in United States, based in Palm Beach, FL. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 February 2024, Palm Beach Navy Seal Evening of Tribute Inc reported income of $940k and spending of $179k, leaving 81% of income unspent that year. Across the 6 years on record, from February 2019 to February 2024, income fell from $1.2m to $940k (-21%), an average of -4.5% a year. The sharpest change came in the year to February 2022, when income rose by 1866193%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Palm Beach Navy Seal Evening of Tribute Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Quail Valley Charities Inc ($940k), Servants Inc ($941k) and Givsum Foundation ($940k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 88% of the total. At year end it held assets of $979k against liabilities of $6,222, net assets of $973k.