United States Navy Memorial Foundation
701 Pennsylvania Avenue NW NO 123
Top Leadership Pay:
President and CEO RDML Frank Thorp IV, USN, Ret., $204,079
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.
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.