Riverhead Foundation for Marine Research and Preservation

Analysis

Riverhead Foundation for Marine Research and Preservation is a registered charity in United States, based in Riverhead, NY. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Riverhead Foundation for Marine Research and Preservation reported income of $983k and spending of $818k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $818k to $983k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 85% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Riverhead Foundation for Marine Research and Preservation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include North Carolina Wildlife Habitat Foundation Inc ($982k), Nevada Bighorns Unlimited Reno Chapter ($983k) and Humane Society of Southwestern Michigan ($977k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.0% of the total. Other salaries and wages came to $361k. At year end it held assets of $898k against liabilities of $180k, net assets of $718k. It reported 3 employees.