The Naval Institute Foundation Incorporated
EIN: 521814344 · Annapolis, MD
| Metric | Value |
|---|---|
| Total Revenue | $6.1M |
| Total Expenses | $5.2M |
| Net Assets | $11.7M |
Is The Naval Institute Foundation Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Naval Institute Foundation Incorporated
The Naval Institute Foundation Incorporated (EIN: 521814344) is a nonprofit organization based in Annapolis, MD. The organization reported total revenue of $6.1M and total assets of $14.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Naval Institute Foundation Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Naval Institute Foundation Incorporated is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.4M |
| Total Expenses | $5.2M |
| Surplus / Deficit | +$4.2M |
| Total Assets | $11.8M |
| Total Liabilities | $158K |
| Net Assets | $11.7M |
| Operating Margin | 44.7% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 27.3 months |
Financial Health Grade: A
In 2023, The Naval Institute Foundation Incorporated reported a surplus of $4.2M with revenue exceeding expenses, holds 27.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Naval Institute Foundation Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 16.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +85.5% | -6.4% | -10.1% |
| 2022 | -40.0% | -63.9% | -20.1% |
| 2021 | +39.8% | -17.2% | +16.2% |
| 2020 | -38.1% | +123.9% | -48.3% |
| 2019 | -53.6% | +19.2% | +13.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Naval Institute Foundation 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 The Naval Institute Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Frequently Asked Questions about The Naval Institute Foundation Incorporated
Is The Naval Institute Foundation Incorporated a legitimate charity?
The Naval Institute Foundation Incorporated (EIN: 521814344) is a registered tax-exempt nonprofit based in Maryland. It has 13 years of IRS 990 filings on record. Total revenue: $6.1M. No red flags identified. Financial health grade: A.
How does The Naval Institute Foundation Incorporated spend its money?
The Naval Institute Foundation Incorporated reported $6.1M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Naval Institute Foundation Incorporated tax-deductible?
The Naval Institute Foundation Incorporated is registered as a tax-exempt nonprofit (EIN: 521814344). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Naval Institute Foundation Incorporated located?
The Naval Institute Foundation Incorporated is headquartered in Annapolis, Maryland and files with the IRS under EIN 521814344.
How many years of IRS 990 filings does The Naval Institute Foundation Incorporated have?
The Naval Institute Foundation 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 $6.1M in total revenue.
Filing History
IRS 990 filing history for The Naval Institute Foundation Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Naval Institute Foundation Incorporated's revenue has grown by 537.3%, moving from $1.5M to $9.4M. Total assets decreased by 6.9% over the same period, from $12.7M to $11.8M. Total functional expenses rose by 207.6%, from $1.7M to $5.2M. In its most recent filing year (2023), The Naval Institute Foundation Incorporated reported a surplus of $4.2M, with revenue exceeding expenses. The organization holds $158K in liabilities against $11.8M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $11.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.4M | $5.2M | $11.8M | $158K | — | — |
| 2022 | $5.1M | $5.6M | $13.2M | $5.9M | — | View 990 |
| 2021 | $8.5M | $15.4M | $16.5M | $8.1M | — | View 990 |
| 2020 | $6.1M | $18.6M | $14.2M | $0 | — | View 990 |
| 2019 | $9.8M | $8.3M | $27.4M | $0 | — | View 990 |
| 2018 | $21.1M | $7.0M | $24.3M | $0 | — | View 990 |
| 2017 | $6.6M | $8.3M | $10.7M | $0 | — | View 990 |
| 2016 | $5.5M | $8.2M | $11.9M | $0 | — | View 990 |
| 2015 | $5.9M | $4.8M | $13.8M | $0 | — | View 990 |
| 2014 | $4.2M | $2.9M | $12.8M | $0 | — | View 990 |
| 2013 | $2.7M | $3.2M | $11.5M | $0 | — | View 990 |
| 2012 | $1.3M | $3.4M | $11.4M | $2K | — | View 990 |
| 2011 | $1.5M | $1.7M | $12.7M | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.4M, expenses of $5.2M, and assets of $11.8M (revenue +85.5% year-over-year).
- 2022: Revenue of $5.1M, expenses of $5.6M, and assets of $13.2M (revenue -40.0% year-over-year).
- 2021: Revenue of $8.5M, expenses of $15.4M, and assets of $16.5M (revenue +39.8% year-over-year).
- 2020: Revenue of $6.1M, expenses of $18.6M, and assets of $14.2M (revenue -38.1% year-over-year).
- 2019: Revenue of $9.8M, expenses of $8.3M, and assets of $27.4M (revenue -53.6% year-over-year).
- 2018: Revenue of $21.1M, expenses of $7.0M, and assets of $24.3M (revenue +217.8% year-over-year).
- 2017: Revenue of $6.6M, expenses of $8.3M, and assets of $10.7M (revenue +21.0% year-over-year).
- 2016: Revenue of $5.5M, expenses of $8.2M, and assets of $11.9M (revenue -7.1% year-over-year).
- 2015: Revenue of $5.9M, expenses of $4.8M, and assets of $13.8M (revenue +41.9% year-over-year).
- 2014: Revenue of $4.2M, expenses of $2.9M, and assets of $12.8M (revenue +51.6% year-over-year).
- 2013: Revenue of $2.7M, expenses of $3.2M, and assets of $11.5M (revenue +105.3% year-over-year).
- 2012: Revenue of $1.3M, expenses of $3.4M, and assets of $11.4M (revenue -9.6% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.7M, and assets of $12.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Naval Institute Foundation Incorporated:
Data Sources and Methodology
This transparency report for The Naval Institute Foundation 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.