The Association of Naval Aviation Inc

Analysis

The Association of Naval Aviation Inc is a registered charity in United States, based in Henry, TN. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, The Association of Naval Aviation Inc reported income of $442k and spending of $254k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $158k to $442k (+180%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Association of Naval Aviation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within TN. Charities of a similar size with the same main cause include National Church Residences ($442k), Caring Kitchen Incorporated ($442k) and Longmont United Hospital Foundation ($442k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 1.0% of the total. At year end it held assets of $875k against liabilities of $0, net assets of $875k.