Naval Academy Minority Association

Analysis

Naval Academy Minority Association is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in January 2018, 8 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 Academy Minority Association reported income of $169k and spending of $80k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $377k to $169k (-55%), an average of -55% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Naval Academy Minority Association sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Black Child Development Institute Ohio ($169k), Team Guardian Inc ($169k) and Starting with a Penney ($169k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $329k against liabilities of $0, net assets of $329k.