Neptunes Navy Inc

Analysis

Neptunes Navy Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Neptunes Navy Inc reported income of $2.1m and spending of $2.1m, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $243k to $2.1m (+761%), an average of +761% a year. The sharpest change came in the year to December 2023, when income rose by 761%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Neptunes Navy Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Eclectic Soul Voices Corporation ($2.1m), Port Chester Council for the Arts ($2.1m) and Journey to Lead Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. At year end it held assets of $71k against liabilities of $13k, net assets of $59k.