Army & Navy Academy

Analysis

Army & Navy Academy is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in February 1945, 81 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Army & Navy Academy reported income of $16.6m and spending of $15.8m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $13.8m to $16.6m (+20%), an average of +4.8% a year. The sharpest change came in the year to August 2023, when income rose by 27%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Army & Navy Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include American Association of Community Colleges ($16.6m), Child Start Incorporated ($16.6m) and The American College of the Mediterranean ($16.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 15% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $637k (4.0% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $38.5m against liabilities of $15.8m, net assets of $22.7m. It reported 180 employees.