NAVAL ACADEMY PRIMARY SCHOOL ASSOCIATION INCORPORATED
Mission Statement
The Naval Academy Primary & Secondary school's mission is to focus on the intellectual, physical, emotional, and social development of children from Annapolis and the surrounding communities. NAPS provides a structured and nurturing environment that recognizes and acts upon the unique needs and circumstances of your child. Our faculty and staff, some of whom are military spouses and parents, are skilled at supporting your child’s transition to our school, our community and new friends. The overall mission is to provide a nurturing, yet structured environment where all of our students can develop to their fullest potential and develop a solid foundation to be successful in middle school, high school, and beyond.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
78.6% | 84.2% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
21.3% | 12.9% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.2% | 0.0% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
18.7% | 60.7% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.3 mo | 9.0 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
45.8% | 21.7% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
94.5% | 89.4% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
9.8% | 5.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
17.3% | 6.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
0.9% | 3.0% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| improved education | 319 | $5,000.00 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $4.1M | $4.1M | $779K | 78.6% | 93 |
| 2024 | $3.8M | $3.5M | $744K | 78.5% | 99 |
| 2023 | $3.0M | $3.4M | $472K | 78.6% | 69 |
| 2022 | $3.6M | $2.8M | $795K | 79.3% | 69 |
| 2021 | $2.3M | $2.7M | N/A | — | 72 |
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