Naval Academy Primary School Association Incorporated
EIN: 526001692 · Annapolis, MD · NTEE: B24Z
| Metric | Value |
|---|---|
| Total Revenue | $3.8M |
| Total Expenses | $3.5M |
| Net Assets | $744K |
Is Naval Academy Primary School Association Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Naval Academy Primary School Association Incorporated
Naval Academy Primary School Association Incorporated (EIN: 526001692) is a nonprofit organization based in Annapolis, MD, classified under NTEE code B24Z. The organization reported total revenue of $3.8M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Naval Academy Primary School Association Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Naval Academy Primary School Association Incorporated is a mid-size nonprofit that has been operating for 79 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $3.5M |
| Surplus / Deficit | +$272K |
| Total Assets | $1.3M |
| Total Liabilities | $563K |
| Net Assets | $744K |
| Operating Margin | 7.2% |
| Debt-to-Asset Ratio | 43.1% |
| Months of Reserves | 4.5 months |
Financial Health Grade: A
In 2024, Naval Academy Primary School Association Incorporated reported a surplus of $272K with revenue exceeding expenses, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 43.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Naval Academy Primary School Association Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +24.3% | +4.2% | +31.4% |
| 2023 | -14.7% | +19.2% | -15.3% |
| 2022 | +57.3% | +5.8% | -2.5% |
| 2021 | -7.1% | +10.7% | +1.1% |
| 2020 | +1.4% | +9.2% | +57.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1947 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Naval Academy Primary School Association Incorporated has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Naval Academy Primary School Association Incorporated with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $272K, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.1%.
Frequently Asked Questions about Naval Academy Primary School Association Incorporated
Is Naval Academy Primary School Association Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Naval Academy Primary School Association Incorporated (EIN: 526001692) insufficient data. 0 red flags identified, 0 strengths noted.
How does Naval Academy Primary School Association Incorporated spend its money?
Detailed spending breakdown data is not yet available for Naval Academy Primary School Association Incorporated. Check back for updated IRS 990 analysis.
Are donations to Naval Academy Primary School Association Incorporated tax-deductible?
Naval Academy Primary School Association Incorporated is registered as a tax-exempt nonprofit (EIN: 526001692). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Naval Academy Primary School Association Incorporated located?
Naval Academy Primary School Association Incorporated is headquartered in Annapolis, Maryland and files with the IRS under EIN 526001692. It is classified under NTEE code B24Z.
How many years of IRS 990 filings does Naval Academy Primary School Association Incorporated have?
Naval Academy Primary School Association Incorporated has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.8M in total revenue.
Filing History
IRS 990 filing history for Naval Academy Primary School Association Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Naval Academy Primary School Association Incorporated's revenue has grown by 117.1%, moving from $1.7M to $3.8M. Total assets increased by 66.5% over the same period, from $785K to $1.3M. Total functional expenses rose by 105.2%, from $1.7M to $3.5M. In its most recent filing year (2024), Naval Academy Primary School Association Incorporated reported a surplus of $272K, with revenue exceeding expenses. The organization holds $563K in liabilities against $1.3M in assets (debt-to-asset ratio: 43.1%), resulting in net assets of $744K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.8M | $3.5M | $1.3M | $563K | — | — |
| 2023 | $3.0M | $3.4M | $994K | $522K | — | View 990 |
| 2022 | $3.6M | $2.8M | $1.2M | $379K | — | View 990 |
| 2021 | $2.3M | $2.7M | $1.2M | $1.1M | — | View 990 |
| 2020 | $2.4M | $2.4M | $1.2M | $734K | — | View 990 |
| 2019 | $2.4M | $2.2M | $759K | $329K | — | View 990 |
| 2018 | $2.2M | $2.1M | $619K | $388K | — | View 990 |
| 2017 | $2.1M | $2.2M | $488K | $361K | — | View 990 |
| 2016 | $2.0M | $2.1M | $592K | $348K | — | View 990 |
| 2015 | $2.0M | $2.1M | $587K | $319K | — | View 990 |
| 2014 | $1.9M | $1.9M | $889K | $451K | — | View 990 |
| 2013 | $1.8M | $1.7M | $854K | $429K | — | View 990 |
| 2012 | $1.7M | $1.7M | $785K | $413K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.8M, expenses of $3.5M, and assets of $1.3M (revenue +24.3% year-over-year).
- 2023: Revenue of $3.0M, expenses of $3.4M, and assets of $994K (revenue -14.7% year-over-year).
- 2022: Revenue of $3.6M, expenses of $2.8M, and assets of $1.2M (revenue +57.3% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.7M, and assets of $1.2M (revenue -7.1% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.4M, and assets of $1.2M (revenue +1.4% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.2M, and assets of $759K (revenue +6.9% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.1M, and assets of $619K (revenue +6.6% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.2M, and assets of $488K (revenue +2.7% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.1M, and assets of $592K (revenue +4.7% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.1M, and assets of $587K (revenue +1.8% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.9M, and assets of $889K (revenue +7.5% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.7M, and assets of $854K (revenue +3.0% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.7M, and assets of $785K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Naval Academy Primary School Association Incorporated:
Data Sources and Methodology
This transparency report for Naval Academy Primary School Association Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.