The Naval Institute Foundation Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,477,022 | 1,690,801 | −213,779 | 90.2 | 0% |
| 2012 | 1,334,919 | 3,370,424 | −2,035,505 | 40.7 | 0% |
| 2013 | 2,740,235 | 3,237,576 | −497,341 | 42.7 | 0% |
| 2014 | 4,154,958 | 2,903,252 | 1,251,706 | 52.8 | 0% |
| 2015 | 5,897,045 | 4,822,966 | 1,074,079 | 34.4 | 0% |
| 2016 | 5,476,889 | 8,201,930 | −2,725,041 | 17.4 | 0% |
| 2017 | 6,625,717 | 8,295,643 | −1,669,926 | 15.4 | 11% |
| 2018 | 21,058,052 | 6,965,407 | 14,092,645 | 41.8 | 12% |
| 2019 | 9,775,538 | 8,299,571 | 1,475,967 | 39.7 | 8% |
| 2020 | 6,051,865 | 18,580,025 | −12,528,160 | 9.2 | 4% |
| 2021 | 8,459,950 | 15,378,539 | −6,918,589 | 6.6 | 6% |
| 2022 | 5,073,698 | 5,558,232 | −484,534 | 15.7 | 16% |
| 2023 | 9,412,802 | 5,200,662 | 4,212,140 | 26.9 | 20% |
In its most recent public year (2023), this organization brought in $4,212,140 more than it spent. Its reserves stood at about 26.9 months of spending, down from 90.2 in 2011. Staff pay was 20% of spending. $5,951,241 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
The Naval Institute Foundation Incorporated's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works