United States Navy Memorial Foundation

Year Founded:

1978

Address:

701 Pennsylvania Avenue NW NO 123
Washington, DC

EIN:

52-1104476

Top Leadership Pay:

President and CEO RDML Frank Thorp IV, USN, Ret., $204,079

Employees:

28

Revenue:

$4,793,780

Expenses:

$5,060,276

Description

Based on its 2019 tax return, we calculate that the United States Navy Memorial Foundation spent 39.5 percent of its $5 million budget on overhead. This is higher than our recommended 25 percent overhead spending.

According to the New York Attorney General, the United States Navy Memorial Foundation reported raising $166,726.14 from solicitation campaigns using professional fundraising firms between 2016 and 2018. Of this, only $10,310.44 (6.2 percent) went to the charity; the rest was kept by the solicitors. Read more here.

We do not recommend giving to the United States Navy Memorial Foundation. See our lists of Highly Recommended Charities and Recommended Charities for alternatives.

Mission Statement

The United States Navy Memorial’s mission is to honor, recognize and celebrate the men and women of the sea services, and to inform the public about their service.